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As soon as Mike Cavanagh takes over Comcast as co-CEO in January alongside Brian Roberts, he’ll be in that position for at the least three years.
In line with a brand new SEC submitting, the present Comcast president’s base wage will turn into $2.75 million yearly earlier than bonuses, beginning Jan. 2, 2026. He may even obtain $35 million in inventory awards as a consequence of efficiency, with a contract that’s set till Jan. 1, 2029.
Cavanagh’s 2024 pay bundle included a $2.5 million base wage, $13.63 million in inventory awards, $4.38 million in choice awards, $7.5 million in non-equity incentive plan compensation and $255,162 in “different” compensation, together with $10,000 in firm contributions to retirement funding plan accounts and $245,162 for his private use of a company-provided plane.
“Comcast is a particular firm with distinctive companies and an unimaginable group,” Cavanagh stated in a September assertion asserting the information. “It’s an honor to work with Brian and the whole Comcast NBCUniversal management group throughout this thrilling and transformative time in our trade.”
“Since becoming a member of Comcast a decade in the past, Mike has confirmed himself to be a trusted and collaborative chief,” Roberts added. “He’s the best individual to assist lead Comcast as we handle the pivot we’re making to drive progress throughout the corporate. Mike and I work seamlessly collectively, and I’m thrilled to be partnering with him as co-CEO and with the remainder of our proficient administration group, for years to return.”
For 2024, Roberts’ pay bundle included a $2.5 million base wage, $17.9 million in inventory awards, $5.75 million in choice awards, $7.5 million in non-equity incentive plan compensation and $200,483 in “different” compensation, together with $10,000 in firm contributions to retirement funding plan accounts and $190,483 for Roberts’ private use of a company-provided plane.
Cavanagh first joined the corporate in 2015 as chief monetary officer after over 20 years within the monetary providers trade and completely took oversight of NBCUniversal after Jeff Shell’s ouster in 2023.
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