He also served as Chairman of the National Cable & Telecommunications Association (NCTA) for two consecutive terms and is Director Emeritus of CableLabs, the research and development consortium for the cable industry, where he served three terms as Chairman. [108] The deal would have made Comcast the largest media conglomerate in the world. The information here is provided for your convenience only. Comcast develops broadband cable networks and is involved in electronic retailing and television programming content. In the fall of 2018, it finished construction of the 1,121ft (342m) Comcast Technology Center, Pennsylvania's tallest skyscraper, adjacent to its original headquarters. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014. BOARD OF DIRECTORS OFFICERS ROBERT BALGENORTH, Chairman CATHERINE REHEIS-BOYD, Vice-Chairman KATELYN ROEDNER SUTTER, Vice-Chairman JAY HANSEN, President & CEO CURT AUGUSTINE, Secretary LAURA LEWIS, Treasurer DIRECTORS Aera Energy LLC: SARA O'NEILL BOUTON, Vice President, Government and Regulatory Affairs [120] There was also Cloudmark spam and phishing protection and Trend Micro antivirus. At the same time, Fox was given clearance by the British government to purchase Sky. [209], Comcast Cable, which goes by the brand name Xfinity, provides cable television, broadband internet, and home telephone services. Greg Butz. [138][139][140] GE would take over the remaining 49% stake in NBC Universal, using $5.8billion to buy out Vivendi's 20% minority stake in NBC Universal. Comcast became the sponsor of NASCAR's second-tier series renaming it the NASCAR Xfinity Series in 2015. Secondary Contact. [111] In 2004, Comcast sold its QVC shares to Liberty Media for $7.9 billion.[112]. [77] Critics have noted that many of the strongest supporters of Comcast's business deals have received substantial funding from the Comcast Foundation. Michelle Lund. [122] A gold trophy in the shape of a pile of human feces was delivered to Comcast Corporate Headquarters to commemorate the unmatched level of enmity flowing from their customer base to their business. The new service, described as being a "Wi-Fi and MVNO-integrated product", and was expected to launch in mid-2017. [102] Comcast quickly replaced the ten-year general manager at Garden State with their own executive, and eventually Garden State ceased operating under its own name and was fully merged to become a part of the Comcast Corporation. Board of Directors Calvin G. Butler Jr. President and Chief Executive Officer Exelon Corporation Gil C. Quiniones CEO, ComEd Ricardo ("Ric") Estrada President and CEO of Metropolitan Family Services Independent Director since 2021 Zaldwaynaka ("Z") Scott, Esq. (215) 665-1700. tom_karinshak@cable.comcast.com. In 2004 and 2007, the American Customer Satisfaction Index (ACSI) survey found that Comcast had the worst customer satisfaction rating of any company or government agency in the country, including the Internal Revenue Service. A board of directors is essentially a panel of people who are elected to represent shareholders. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Embedding D&I in the Business PHILADELPHIA--(BUSINESS WIRE)--Oct. 28, 2021-- Comcast Corporation (NASDAQ: CMCSA) announced that its Board of Directors declared a quarterly dividend of $0.25 a share on the company's common stock. As its customer satisfaction eroded by 7% over the past year, revenue increased by 12%." [145][146] On February 12, 2013, Comcast announced that it would acquire the remaining 49% of General Electric's interest in NBCUniversal, in a deal valued at approximately $16.7 billion. CBS Network News: 60 minutes, 48 hours, CBS Evening News with Dan Rather, CBS Morning News, Up to the Minute. Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. [189], On June 15, 2018, the European Commission gave antitrust clearance to Comcast's offer to purchase Sky, citing that in terms of their current assets in Europe, there would be limited impact on competition. All rights reserved. [67] Comcast's PAC, the Comcast Corporation and NBCUniversal Political Action Committee, is among the largest PACs in the U.S., raising about $3.7 million from 2011 to 2012 for the campaigns of various candidates for office in the United States Federal Government. [131][132] Vivendi, which owns 20%, would have to sell its stake to GE. [245], On August 1, 2016, Washington State Attorney General Bob Ferguson filed a lawsuit against Comcast Corporation in King County Superior Court, alleging the company's own documents reveal a pattern of illegally deceiving their customers to pad their bottom line by tens of millions of dollars. On April 3, 2007, Comcast announced it would acquire the cable systems owned and operated by Patriot Media, a privately held company owned by cable veteran Steven J. Simmons, Spectrum Equity Investors and Spire Capital, that served approximately 81,000 video subscribers for $483million. [63] The National Cable & Telecommunications Association, which has multiple Comcast executives on its board, also represents Comcast and other cable companies as the fifth largest lobbying organization in the United States, spending $19.8 million in 2013. His extensive background in global business spans the technology industry across a variety of markets, including telecommunications, data networking, security, defense and life sciences. [251], As of fall 2019, Comcast is the last major cable provider or streamer to neglect to carry the ACC Network, prompting some customers to consider cutting the cord or switching providers. The information in this document represents our understanding of federal income tax laws and regulations, but does not constitute personal tax advice based on your specific situation. Michael J. Angelakis has served as the Chief Financial Officer of Comcast Corporation for more than five years. [156], Critics noted in 2013 that Tom Wheeler, the head of the FCC, which has to approve the deal, is the former head of both the largest cable lobbying organization, the National Cable & Telecommunications Association, and as largest wireless lobby, CTIA The Wireless Association. [226], Xumo is a free ad-supported streaming television (FAST) service, which Comcast acquired on February 25, 2020 for an undisclosed amount. For new students, we take the time and care to arrange individual placement interviews to match you with the right teacher to meet your individual musical needs.Summer private . [104][105] This spurred the start of Comcast Advertising Sales (using AT&T's groundwork) which would later be renamed Comcast Spotlight and now effectv, A Comcast Company. [190][191][192] On June 19, 2018, Disney formally agreed to acquire Sky News as part of Fox's proposed bid, with a 15-year commitment to increase its annual funding from 90 million to 100 million. [236] Comcast's Customer Service Rating by the ACSI surveys indicate that the company's customer service has not improved since the surveys began in 2001. Apr 2022 - Present11 months. He and his wife, Aileen, live in Philadelphia. Indianapolis Public Transportation Corporation Board of Directors 1st Term: Dec 06, 2021 to Aug 05, 2024 Don Adams Central Indiana Regional Transportation Authority Board 2nd Term: Jan 01, 2010 to Dec 31, 2022 Preston T Adams III Indianapolis Charter School Board 1st Term: Jul 14, 2020 to Aug 31, 2024 Zach Adamson Mayor's Latino Advisory Council Today, Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. On May 19, 2009, Disney and ESPN announced an agreement to allow Comcast Corporation to carry the channels ESPNU and ESPN3.[211]. Moved to the UK in mid-2020, at that time running broadcasting for News Corp's British arm. [193], However, on June 20, 2018, Disney and Fox announced that they had amended their previous merger agreement, upping Disney's offer to $71.3 billion (a 10% premium over Comcast's $65 billion offer), while also offering shareholders the option of receiving cash instead of stock. Comcast is often criticized by the media and its own staff for its less-than-upstanding policies of employee relations. Every public company is legally required to install a board of directors; nonprofit organizations and many private companies - while not required to - also name a board of directors. [75], According to watchdog group Documented, in 2020 Comcast contributed $200,000 to the Rule of Law Defense Fund, a fund-raising arm of the Republican Attorneys General Association that was shown to have provided funding to the Save America March that devolved into an attack on the U.S. Capitol on January 6, 2021.[76]. [43] In February 2014, Comcast generated $1.1 billion in revenue during the first quarter due to the 2014 Winter Olympics in Sochi. The ACSI indicates that almost half of all cable customers (regardless of company) have registered complaints, and that cable is the only industry to score below 60 in the ACSI. Key People Comcast Corp. Cl A Board of Directors Name/Title Current Board Membership expand All Executives Brian L. Roberts Chairman & Chief Executive Officer Michael J. Cavanagh President. A company training manual says, "Comcast does not feel union representation is in the best interest of its employees, customers, or shareholders". [165], In August 2015, Comcast announced to speed up Internet for low-income customers from 5 megabits per second (mbps) to 10 Mbit/s, provide free wireless routers, and will pilot an initiative to increase Internet access for low-income senior citizens. Governance and Corporate Responsibility Committee. Mr. Bacon also serves as a director of Ally Financial Inc., Arbor Realty Trust, Inc. and Welltower Inc. and is a member of the National Multifamily Housing Council. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. 305-559-4000 - Phone . Rupert H. Johnson, Jr. Jennifer M. Johnson * Chairman of the Franklin Resources, Inc. Board of Directors For the internet service provider previously branded as Comcast, see, Largest U.S. cable provider (2001present), Attempted acquisition of Fox and subsequence of Sky, All of Comcast's class B common stock, which controls 33.3% of voting power, is owned by CEO Brian Roberts. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Comcast denied the rumors at first, while NBC would not comment on them. For the fiscal year 2017, Comcast reported earnings of US$22.7 billion, with an annual revenue of US$84.5 billion, an increase of 5.5% over the previous fiscal cycle. Chairman, Raymond James Trust. [166] In September of that year Comcast also launched Watchable, a YouTube competitor. [154], In 2014, critics expressed concern that the deal would give Comcast greater negotiating power in a number of areas, including rebroadcast fees with television channels,[155] and peering agreements with ISPs. Board of Directors Christopher Cashman Carolina DiGiorgio, Esq. [187][188] Eight days later, Comcast officially announced a $65 billion counter-offer to acquire the 21st Century Fox's assets that Disney offered to purchase. [107], On February 11, 2004, Comcast announced a $54billion bid for The Walt Disney Company, including taking on $12billion of Disney's debt. Comcast Corp., Cable Television Laboratories, Inc. Urban Institute, Arbor Realty Trust, Inc., Comcast Corp., Revel & Underwood, Inc., Real Estate Executive Council, Martha's Table, Inc., Forest City Enterprises LP, Ally Financial, Inc., Welltower, Inc. Big Brothers Big Sisters of New York City, Inc., Comcast Corp., National September 11 Memorial & Museum at the World Trade, Duke University, The Bank of New York Mellon (New York, New York), The Partnership for New York City, Lincoln Center for the Performing Arts, Inc., MetLife, Inc., Metropolitan Life Insurance Co. American Beverage Association, Pepsi-Cola Bottlers Association, Germantown Academy, St. Joseph's University, Comcast Corp. Haley Scheer. Comcast has no control over the information provided by EDGAR and cannot guarantee the sequence, accuracy, or completeness of any information or data displayed through EDGAR. The ACSI analysis also addresses this contradiction, stating that "Such pricing power usually comes with some level of monopoly protection and most cable companies have little competition at the local level. . Date Posted: February 21, 2023 Salary: $16,337.00 - $19,858.00 Monthly Description: The Deputy General Counsel will perform varied professional legal work with emphasis on the County Employees Retirement Law of 1937 (CERL) and the California Public Employees' Pension Reform Act of 2013 (PEPRA); analyze Board of Retirement policies, regulations and guidelines to ensure compliance with . Comcast has no control over the information provided by EDGAR and cannot guarantee the sequence, accuracy, or completeness of any information or data displayed through EDGAR. Based in London for Sky (skygroup.sky), Europe's leading direct-to-consumer media and entertainment company, a division of Comcast-NBCUniversal. 1 In addition, the candidate pool is very specific and typically includes sitting and recently retired CEOs, COOs, and presidents, followed by other corporate executives . They primarily carried local programs and sports (including, in some cases, serving as the designated overflow channel for local regional sports networks). Ms. Henry is an independent director. [80], In November 1999, Comcast purchased Lenfest Communications, who were the ninth largest cable television operator at the time and were the largest operator in the Philadelphia area. [149][13], Comcast reported that third-quarter net profits in 2020 fell 37 percent to $2.02 billion from $3.22 billion the previous year, in part due to the limited capacity measures for the COVID-19 pandemic at theme parks like Universal Studios and movie theaters, with revenues falling 4.8 percent. Board of Directors Ted Baecher. He was named President of Comcast Corporation in 1990 when the company had $657 million in annual revenue. Barfield brings to the Board legal knowledge and experience, having practiced corporate and securities law at Sidley Austin LLP. [227][228][229], On October 19, 2021, Comcast announced "XClass TV", a line of smart TVs manufactured by Hisense that would be powered by the X1 software platform used by its cable services. Stephen (Steve) J. Rohleder Chair of Cognizant's Board of Directors; Former Group Chief Executive, North America and Chief Operating Officer of Accenture Joseph (Joe) M. Velli Former Senior Executive Vice President of The Bank of New York Sandra S. Wijnberg Former Partner, Aquiline Holdings Get answers to your questions Stephen B. Burke has served as an Executive Vice President for more than five years. [89], In February 1990, Ralph Roberts' son, Brian L. Roberts, succeeded his father as president of Comcast. Rima Qureshi is Verizon's Chief Strategy Officer & Executive Vice President. Over the last decade, however, he continued to provide legal services to indigent citizens through Thurston County Public Defense. According to Heidrick & Struggles Board Monitor, there are approximately 5,500 board seats in the Fortune 500, and of that number 14.5 percent are held by CFOs or retired CFOs. To learn more about Directors, click on the individual's name in the chart. [41], The book value of the company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009. Compensation. EXECUTIVE BOARD & Active Director. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. [33], Despite these criticisms, Comcast has appeared on multiple "top places to work" lists. Barfield brings to the board legal knowledge and experience, having practiced corporate securities. 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