However, on December 11, 2017, Comcast officially dropped the bid, saying that "We never got the level of engagement needed to make a definitive offer. [171] The partnership and the addition of wireless would allow Comcast to offer a quadruple play of services. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. [101] The purchase of Lenfest also bought Comcast the remaining 50% stock of the cable operator Garden State Communications a company whom Comcast had already owned half of in partnership with Lenfest for years. [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. 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. From January 2005 to July 2005, he served as the interim Executive Vice President of Housing and Community Development at Fannie Mae. [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. [8] It is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T), the largest pay-TV company, the largest cable TV company and largest home Internet service provider in the United States, and the nation's third-largest home telephone service provider. None other than: Frank Carlucci (of The Carlyle Group) Television Holdings: CBS: includes 14 stations and over 200 affiliates in the US. Compensation and Human Capital Committee. "[204] Eight days later, 21st Century Fox shareholders agreed to sell the majority of its assets to Disney for $71.3 billion. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Shareholder Services Kenneth J. Bacon Madeline S. Bell Edward D. Breen * Gerald L. Hassell Jeffrey A. Honickman Maritza G. Montiel Asuka Nakahara David C. Novak Brian L. Roberts *Lead Independent Director Stock Volume Change Last Trade Data Provided by Refinitiv. He was recognized byBarronsas one of the Worlds Best CEOs, named a Businessperson of the Year byFortunemagazine and named one of Americas top CEOs byInstitutional Investormagazine for the 17th time. [231][232][233] In November 2022, Comcast and Charter announced that the joint venture would use the Xumo name, with Xfinity Flex, Xumo, and XClassTV rebranded as Xumo Stream Box, Xumo Play, and Xumo TV respectively.[234]. [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. [141][142] The transaction was completed on January 28, 2011. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. In 2002, Comcast paid the University of Maryland $25million for naming rights to the new basketball arena built on the College Park campus, the Xfinity Center. [77] Critics have noted that many of the strongest supporters of Comcast's business deals have received substantial funding from the Comcast Foundation. Communication with shareholders and other interested parties is an important part of the governance process. This document, together with the Articles of Incorporation, comprises Comcast's governing instruments. (215) 665-1700. [email protected]. Since October 2018, it has also been the parent company of Sky Group. Nicholas Giordano Sidney Hargro Joan Hilferty Lorina Marshall-Blake, ex officio Pamela Sarne-McCormick Richard Snyder, M.D. Entertainment. [95] Also in 1996, Comcast formed Comcast Spectacor, which became owner of the Philadelphia Flyers. Fox stated that it "remains committed to its recommended cash offer for Sky", and that Comcast had not yet made a "firm offer". "[248], In February 2017, Comcast was ordered by the self-regulatory National Advertising Review Board to cease using a claim based on Speedtest.net data that it has "America's fastest internet", stating that "Ookla's data showed only that Xfinity consumers who took advantage of the free tests offered on the Speedtest.net website subscribed to tiers of service with higher download speeds than Verizon FiOS consumers who took advantage of the tests." Minimum 15 min delayed. Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. [150], On February 12, 2014, the Los Angeles Times reported that Comcast sought to acquire Time Warner Cable in a deal valued at $45.2 billion. [208], On June 20, 2022, Comcast acquired Levl, an American-Israeli startup develops technology that authenticates wireless devices and can help prevent hacking, for an estimated $50 million. Mr. Breen is the Executive Chairman and Chief Executive Officer of DuPont de Nemours, Inc. Before becoming CEO, he was Executive Chairman of DuPont and previously served as CEO of DowDuPont and DuPont since 2015. 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. Shareholders and other interested parties may address correspondence to the Board, Lead Independent Director, any other particular director, any committee of the Board or any other group of directors, in care of Thomas J. Reid, Secretary, Comcast Corporation, at the following mailing or e-mail addresses: Contact the Comcast Board by Mail ACTIVE DIRECTOR JAMES CAMPBELL Senior Director, Government Affairs Altice USA. [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. Ellen Friedell, Barrie Trimingham, Settlement Music School's board chair and Helen Eaton, Executive Director of Settlement Music School at the School's 107th Anniversary Gala at Hyatt at The Bellevue Philadelphia Hotel on May 2, 2015. . [22] Brian L. Roberts, its chairman, president and CEO, is the son of founder Ralph J. Roberts (19202015). Haley Scheer. [115][116] Comcast previously owned approximately 30% of Susquehanna Communications through its affiliate company, Lenfest. [39] The Human Rights Campaign has given Comcast a 100 on the Corporate Equality Index[40] and one of the best places for LGBT people to work. [90] Two years later, the company's mobile division, Comcast Cellular, purchased a controlling interest in Metromedia's Philadelphia-area cellular telephone interests, Metrophone. Read More . In 2007, Tye joined the law firm of Morgan Hill, P.C., as an associate attorney. [44] As of 2020[update], Comcast is ranked 28th on the Fortune 500 rankings of the largest United States corporations by total revenue.[45]. 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 . Congressmen as lobbyists. Non-Employee Directors*. 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. 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. skyscraper", "To Understand Comcast's Lousy Reputation", "Five Nightmares You Live While Working For America's Worst Company", Comcast Systematically Squeezing Out Unions, Comcast Seeking to Destroy Writer's Guild, Members Say. [73] Comcast and other cable companies have lobbied state governments to pass legislation restricting or banning individual cities from offering public broadband service. Michael J. Angelakis has served as the Chief Financial Officer of Comcast Corporation for more than five years. Email. She has served as Square Lead and as Block Infrastructure and Information Security Lead for Block Inc. (formerly Square Inc.), a provider of software, hardware, and financial services for small businesses and individuals, since December 2021. With $18.8 million spent in 2013, Comcast has the seventh largest lobbying budget of any individual company or organization in the United States. The quarterly dividend is payable on January 26, 2022 to shareholders of record as of the close of business on January 5, 2022.. To automatically receive Comcast financial news by e-mail, please . [196][197], On July 11, 2018, 21st Century Fox raised its bid to purchase Sky plc assets to $32.5 billion, and $18.57 a share. This shows whether Comcast discloses data about the diversity of its board of directors, C-suite, general management, and employees overall across a variety of metrics. ); the film studio Universal Pictures; the VOD streaming service Peacock; animation studios (DreamWorks Animation, Illumination, Universal Animation Studios) and Universal Parks & Resorts. [103], In 2001, Comcast announced it would acquire the assets of the largest cable television operator at the time, AT&T Broadband, for $44.5 billion. "[201] On the next day, CEO of AT&T Randall Stephenson gave an interview with CNBC, about Comcast's bid for Fox: "It probably can't help it. Storecast was a client of Muzak. [210], Comcast delivers third-party television programming content to its own customers, and also produces its own first-party content both for subscribers and customers of other competing television services. 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. [182], On April 12, the Panel on Takeovers and Mergers ruled that Disney had to acquire all of Sky within 28 days of fully acquiring Fox if the latter's acquisition of Sky was not completed by the time the merger was done, or if Comcast's counter-offer wasn't accepted. a***@cable.comcast.com. Board Member. Comcast was also ordered to disclose the full amounts customers will be charged for using their services on their advertisements. Board Member and Executive Director of The Walt Disney Family Museum. Comcast believes that its business prospers most in an environment that is ethically sound. [18] Critics also point out a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers. [152] This was to add several metropolitan areas to the Comcast portfolio, such as New York City, Los Angeles, DallasFort Worth, Cleveland, Columbus, Cincinnati, Charlotte, San Diego, and San Antonio. Shareholders and other interested parties may address correspondence to the Board, Lead Independent Director, any other particular director, any committee of the Board or any other group of directors, in care of Thomas J. Reid, Secretary, Comcast Corporation, at the following mailing or e-mail addresses: The Secretary, or his designee, promptly reviews all such correspondence and, as appropriate, forwards any correspondence to the Board or other addressee based on the subject matter of the correspondence. 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. Comcast's content networks and assets also include E!, Oxygen, Golf Channel, NBCSN, Universal Kids, Bravo, and the regional NBC Sports Networks. [203] Three days later, Comcast officially announced that it was dropping its bid on the Fox assets in order to focus on their bid for Sky. Raymond James Bank. Board of Directors. [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. Over the last decade, however, he continued to provide legal services to indigent citizens through Thurston County Public Defense. [104] The proposed name for the merged company was "AT&T Comcast", but the companies ultimately decided to keep only the Comcast name, with the company and new assets reincorporated in Pennsylvania on December 7, 2001. [130] However, CNBC itself reported on October 1 that General Electric was considering spinning NBC Universal off into a separate company that would merge the NBC television network and its cable properties such as USA Network, Syfy and MSNBC, as well as Universal Studios, with Comcast's content assets. Learn More Board Committees [80][84] In 1977, HBO was first launched on a Comcast system with 20,000 customers in western Pennsylvania with a five-night free preview getting a 15% sign up rate. [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. Edward D. Breen, Director, Comcast Corporation Edward D. Breen* has served as a director since February 2014. We deliver service on your terms, including 24/7 support, easy self-service tools on any . Governance and Corporate Responsibility Committee Charter, Compensation and Human Capital Committee Charter, Governance and Corporate Responsibility Committee. On November 18, 2002, Comcast officially acquired all assets of AT&T Broadband, thus making Comcast the largest cable television company in the United States with over 22 million subscribers. Comcast's NHL deal obligated them to create a U.S. version of NHL Network, launched in October 2007. [119], In May 2008, Comcast purchased Plaxo for a reported $150 million to $170 million. Compensation. The Children's Hospital of Philadelphia, The Children's Hospital of Philadelphia Foundation, Merion Golf Club, CBRE Clarion Global Real Estate Income Fund, Comcast Corp. AptarGroup, Inc., McCormick & Co., Inc., Royal Caribbean Group, Comcast Corp. EVP-Legal Regulatory Affairs & General Counsel, Executive Vice President-Corporate Strategy, Chief Compliance Officer & Senior Vice President, Chief Diversity Officer & Executive Vice President, Director-Government Affairs, Central Valley, Dir.-Technical Operations/Engineering Operations, Dir.-External Communications, Twin Cities Region, Dir-Government & External Affairs, Keystone Region, Senior Dir-Gov & External Affairs-Keystone Region, Senior VP & Senior Deputy General Counsel, Vice President-Sales & Marketing-Big South Region, Vice President & Senior Deputy General Counsel, Chief Transaction Compliance Officer & VP, EVP-Global Corporate Development & Strategy, Vice President-Finance & Business Operations, Chief Information Security Officer & Executive VP, Chief Accounting Officer, EVP & Controller, Total Insider Purchases and Sales Reported to the SEC, Vanguard US Total Market Shares Index ETF, Vanguard Institutional Total Stock Market Index Trust, Capital Research & Management Co. 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