The compensation package of Comcast Corp. CEO Brian Roberts declined 10% to $32.7 million in 2020, reports The Philadelphia Business-Journal.
Roberts and other top executives at the Philadelphia media giant received 75% their target annual cash bonus for 2020. The bonus is tied to the company's performance, which is now a larger part of Comcast's executive payment structure.
Roberts received a base salary of $3.4 million, with other compensation including stock awards and options totaling over $29 million, according to the company's proxy statement filed Friday.
Cavanagh's total compensation dropped by nearly 6% last year to $25.25 million, down from $26.8 million in 2019. Watson's compensation decreased slightly to $19.7 million. Shell, in his first year as head of NBCUniversal, earned a compensation package of $16.5 million.
"Mr. Roberts and our senior leadership team successfully navigated our organization through the severe challenges of 2020, executing on our strategy where it remained viable, adapting our strategy where it needed to adapt and finding safe and creative solutions to navigate the Covid-19 pandemic to benefit our employees, customers, communities, suppliers and shareholders now and for the long term,"
Comcast wrote in the proxy. "Our solid operational and financial results, and the resiliency of our business, were driven by our strategic focus on broadband, aggregation and streaming, which we believe delivers better experiences for our customers and value for our shareholders, positions our company to outperform and puts us on a trajectory to emerge from this challenging environment in an even stronger position."
Comcast's total revenue fell 4.9% from $108.9 billion to $103.6 billion last year. Net income declined 16.4% to $12 billion.
Comcast's total revenue fell 4.9% from $108.9 billion to $103.6 billion last year. Net income declined 16.4% to $12 billion.
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