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Comcast Reveals 2024 Executive Pay Details and SpinCo Leadership Plans

CEO Brian Roberts and President Michael Cavanagh saw pay reductions, while CFO Jason Armstrong received a significant increase, as Comcast gears up for its June shareholder meeting and SpinCo launch.

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Overview

  • Comcast's 2024 proxy filing shows CEO Brian Roberts earned $33.9 million, a 5% decrease from 2023, and President Michael Cavanagh earned $28.3 million, also down 5%.
  • CFO Jason Armstrong's compensation rose to $15.1 million in 2024, up from $11.6 million the previous year.
  • The company confirmed its annual shareholder meeting is scheduled for June 18, with proposals addressing executive pay disparities on the agenda.
  • SpinCo, the new cable networks entity, will be led by Mark Lazarus as CEO and David Novak as chairman, signaling a strategic shift for Comcast.
  • Comcast's Epic Universe theme park in Orlando is set to open next month, aligning with the company's focus on its six core growth businesses, including theme parks, streaming, and broadband.