Roberts Bags $29.1M in 2012 Compensation

Comcast Chief Sees Total Rise 8.1%
Publish date:
Social count:

Comcast chairman and CEO Brian Roberts received $29.1 million in total compensation in 2012, fueled by a big boost in non-equity incentives awards during a year when its stock rose nearly 61%.

According to a proxy statement filed late Friday, Roberts’s annual salary remained the same at $2.8 million. And though his stock and option awards declined by a combined $2 million for the year, that deficit was more than made up by about $3.5 million increase in non-equity compensation from $5.5 million in 2011 to $9 million in 2012.

Comcast has been one of the top performers in the industry – its cable operations have consistently reduced basic video customer losses – and its stock rose by 60.7% ($13.65 per share) in 2012. So far this year, Comcast stock is up about 11% ($4.20 each).

Other Comcast executives also apparently shared in the wealth. According to the proxy, vice chairman and chief financial officer Michael Angelakis received $23.2 million in total compensation for the year (up 6% from the prior year). NBC Universal CEO Steve Burke got an 11% raise from $23.6 million to $26.3 million in 2012 and executive vice president David Cohen received $15.9 million in total compensation, a 5% increase from the prior year.

Comcast Cable CEO Neil Smit saw his total compensation dip slightly for the year – he received $18.3 million in total compensation in 2012, 1% below the $18.5 million he netted in 2011.