comcast board of directors
comcast board of directors
Prior to that, he was Executive Vice President, Chief Financial Officer and a Director at Paramount Communications, Inc., formerly Gulf + Western Industries, Inc. Mr. Nelson has served on the board of Hanesbrands Inc. since 2008 and its Non-Executive Chairman since 2019, and on the board of Wyndham Hotels & Resorts, Inc. since 2019. At Dell Technologies, all our Digital Leaders are innovation pioneers, driving the technological revolution forward. [14], Comcast has been criticized for a variety of reasons. 21st Century Fox, which owns 39% stake in Sky, had previously declined a US$60 billion acquisition offer by Comcast in favor of its deal with Disney, due to anti-competition concerns. Following the acquisition, Comcast announced it will set up its first development center in Israel. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Analysis of the surveys states that "Comcast is one of the lowest scoring companies in ACSI. This is a clear gift to Disney. To access the individual Committee Charters please click below. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. [257], Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}395716N 751007W / 39.9545N 75.1685W / 39.9545; -75.1685, This article is about the media conglomerate. [35][36] The Boston Globe found Comcast to be that city's top place to work in 2009. [107], On February 11, 2004, Comcast announced a $54billion bid for The Walt Disney Company, including taking on $12billion of Disney's debt. Brian is the recipient of the Humanitarian Award from the Simon Wiesenthal Center and the Pennsylvania Societys Gold Medal for Distinguished Achievement Award. Power Releases 2008 Residential Television Service Satisfaction Survey, "Netflix's Hastings makes the case for Net neutrality", "Cable monopolies hurt consumers and the nation", "Congratulations To Comcast, Your 2014 Worst Company In America! [115] In December 2005, Comcast announced the creation of Comcast Interactive Media, a new division focused on online media. This section contains the composition and charters of our Board's committees. *Independent as defined by NASDAQ rules and under the Company's Corporate Governance Guidelines. [31] A dispute in 2004 with CWA, a labor union representing many employees at Comcast's Beaverton, Oregon offices, led to allegations of management intimidating workers, requiring them to attend anti-union meetings and unwarranted disciplinary action for union members. 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 . Cryptocurrencies: Cryptocurrency quotes are updated in real-time. This document, together with the By-Laws, comprises Comcast's governing instruments. $3,010,000. One Comcast Center 1701 John F. Kennedy Boulevard Philadelphia Pennsylvania 19103 United States. [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]. He made his Major League Baseball (MLB) debut with the Baltimore Orioles in 2001 and played for the team until 2013. To learn more about Directors, click on the individual's name in the chart. Adobe's leadership and corporate governance documents outline the procedures and practices to guide the Board's duty as a fiduciary for its stockholders' long-term interests. [15][16] It has violated net neutrality practices in the past, and, despite its commitment to a narrow definition of net neutrality,[17] critics advocate a definition that precludes any distinction between Comcast's private network services and the rest of the Internet. The Studios segment focuses on NBCUniversals film and television studio production and distribution operations. [230], In April 2022, Comcast and Charter Communications announced that they would form a joint venture to form a "next-generation streaming platform", with Comcast contributing its Xfinity Flex, XClass TV, and Xumo businesses. Between 1999 and 2009, return on capital nearly tripled to 7%. [77] Critics have noted that many of the strongest supporters of Comcast's business deals have received substantial funding from the Comcast Foundation. Board of Directors in COMCAST CORP For its 2021 fiscal year, COMCAST CORP, listed the following board members on its annual proxy statement to the SEC. [80][91] By 1994, Comcast owned 50% stock in the cable communications company Garden State Cable, who by that year were serving approximately 195,000 subscribers. The Sky segment provides operations of Sky, one of Europes entertainment companies, which primarily includes a direct-to-consumer business, providing video, broadband, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network, and Sky Sports networks. [24] In 2010, he was one of the highest paid executives in the United States, with total compensation of about $31 million. John Farris, Secretary. Raymond James Bank. This also means that a cable company can do well financially even though its customers are not particularly satisfied. Marc Montagner Marc Montagner, age 60, has served on our Board since April 2010 and has served as our Lead Independent Director since February 2020. Tye has also been actively involved . ", "Comcast-Fox Deal Talks Latest Entry Into Media Merger Mania", "Comcast drops bid for Fox assets, leaving Disney in pole position", "Disney is buying most of 21st Century Fox for $52.4 billion", "Murdoch bid for Sky challenged by US giant", "Comcast Mulls Renewing Its 21st Century Fox Assets Pursuit Report", "Comcast May Make Another Bid for 21st Century Fox (Report)", "NBCU's Steve Burke Claims Comcast's $31B Sky Deal Will Boost Scripted TV & Film Fortunes, Fox Notes No "Firm Offer" Was Made; 21st Century Fox Reacts Update", "Disney Will Be Forced To Acquire All Of Sky If Fox's Takeover Of UK Pay Net Is Not Complete Before Mega-Deal", "Comcast starts 22bn bidding war for Sky", "Comcast's all-cash bid could pit Murdoch against Fox shareholders", "Sky bid battle looms after government nod", "U.K. Approves Fox's Sky Bid, Subject to Sale of Sky News, and Clears Comcast Offer", "Comcast makes $65 billion offer to steal 21st Century Fox away from Disney", "Comcast Clears EU Hurdle in $29 Billion Bid for Sky", "Comcast Clears EU Antitrust Hurdle for Sky Ahead of Disney Fight", "Walt Disney Agrees to Acquire Sky News, Annual Funding to Be Boosted to $130M", "Disney Sweetens Offer for Fox to $71 Billion, Outbidding Comcast", "Disney wins US antitrust approval to buy Fox assets", "Disney, Fox Set Shareholder Voting Date for $71 Billion Deal", "Disney and Fox schedule July 27 shareholder votes on merger upping pressure on Comcast", "Murdoch's Fox increases Sky bid to 24.5bn in takeover battle", "Comcast Raises Bid for Sky as Regulatory Decision Accelerates Sale Process", "Sky Hearing on Same Day as Fox Vote Complicates Comcast Bid", "Here's what the DOJ needs to happen to win its appeal against AT&T", "DOJ challenge to AT&T-Time Warner deal could affect Disney and Comcast's bidding war for Fox, says AT&T's Stephenson", "Comcast unlikely to raise Fox bid; focused on Sky: Sources", "Comcast drops bid for 21st Century Fox, clearing way for Disney", "Comcast outbids 21st Century Fox for Sky", "Disney-Fox to sell Sky stake to Comcast", "Recommended mandatory superior cash offer for Sky: Compulsory acquisition of Sky shares", "Comcast looks to Sky deal as US cord cutting hits home", "Comcast to acquire startup Levl for an estimated $50 million", "Comcast Adds ESPNU and ESPN360.com to Line Up With Content On Television, On Demand and Online", "Comcast Buys DreamWorks Animation For $3.8 Billion In Race Against Disney", "Comcast buys DreamWorks Animation in $3.8 billion deal", "Comcast Buying DreamWorks Animation for About $3.55B", "Comcast to Buy DreamWorks Animation for $3.8 Billion", "Leading European pay TV operators by revenue 2018", "Phone Scandal Poses Defining Test for a Murdoch Son", "Sky and NBC team up for new global news channel under owner Comcast", "NBCUniversal Delays Launch of NBC Sky World News", "Cancellation of NBC Sky World News plan leaves 60 out of job", "Comcast Abandons Plan To Launch International News Channel NBC Sky World News", "NBC News unveils 'Signal,' its streaming network for cable-cutters", "Comcast Buys Ad-Supported Streaming Service Xumo", "Why Comcast agreed to buy Xumo, an ad-supported free streaming service", "Comcast Acquires Xumo Free-Streaming Video Service", "Comcast Launches XClass TV, Its First TV Sets in the U.S., Taking Streaming Platform Direct-to-Consumer", "Cable Giants Comcast and Charter Team Up on Streaming Devices", "Comcast and Charter team up in hopes of toppling Roku, Amazon streaming hardware", "Comcast, Charter Form Joint Venture to Launch Nationwide Streaming Platform", "Comcast, Charter Streaming Joint Venture Branded as 'Xumo'. Greg Butz. President of Chicago State University Independent Director since 2022 Smita Shah, P.E. Mr. Angelakis currently serves on the board of directors of the Federal Reserve Bank of Philadelphia. 5505 Blue Lagoon Drive Miami, FL 33126. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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. In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider. Our board currently consists of 10 directors. EDGAR performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the SEC. [239], Comcast spends millions of dollars annually on lobbying. Kenneth J. Bacon has served as a director since November 2002. Brian is a member of the Business Roundtable and served on President Obamas Council on Jobs and Competitiveness. 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 [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. In addition, numerous customers reported inappropriate name-calling and interrogation by customer service representatives. "[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. [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. Andy Davis is a Director, Government Affairs at Comcast based in Philadelphia, 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. Board of Directors. [133][134] It was also reported that Time Warner would be interested in placing a bid, until CEO Jeffrey L. Bewkes directly denied interest,[135] leaving Comcast the sole bidder. Comcast was also ordered to disclose the full amounts customers will be charged for using their services on their advertisements. Change value during other periods is calculated as the difference between the last trade and the most recent settle. [citation needed], Comcast's cable acquisitions in 1997 were Jones Intercable, Inc. with 1 million customers, and a stake in Prime Communications with 430,000 subscribers. Comcast has also operated local channels in some markets, such as Comcast Television in the Detroit region, Comcast Network in the Philadelphia and Mid-Atlantic regions (formerly CN8), and Comcast Entertainment Television in Denver and parts of Utah. Alyssa H. Henry joined Intel Corporation's board of directors in January 2020. Its ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns. Private lessons provide students individual instruction with one of Levine's talented faculty members and are geared towards the specific goals, needs, and aspirations of each student regardless of experience or age. [115][116] Comcast previously owned approximately 30% of Susquehanna Communications through its affiliate company, Lenfest. 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. [250] On January 25, 2020, the lawsuit was settled, Comcast being ordered to refund 15,600 customers and give 16,000 other customers debt relief. Read More . Comcast executive David Cohen has joined PNC's board of directors. [256], Comcast reported total CO2e emissions (direct + indirect) for the twelve months ending 31 December 2020 at 2,291 Kt (-249 /-9.8% y-o-y). Learn More Board Committees It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. Michael J. Angelakis has served as the Chief Financial Officer of Comcast Corporation for more than five years. At such time as a director joins the Board, the Chief Executive Officer and other members of senior management will provide appropriate orientation for . [62] Comcast was among the top backers of Barack Obama's presidential runs, with Comcast vice president David Cohen raising over $2.2 million from 2007 to 2012. On November 16, 2017, it was reported that Comcast attempted to purchase 21st Century Fox, following the news 10 days earlier that The Walt Disney Company negotiated with Fox to acquire the same assets. Mark Aslett is President and Chief Executive Officer, and a member of the Board of Directors. In July 2006, Comcast purchased the Seattle-based software company thePlatform. [74] Municipal broadband restrictions of varying scope have been passed in a total of 20 U.S. His qualifications to serve as a director stem primarily from his experiences as a senior leader, and his varied service as a director with considerable experience regarding legal risk oversight and risk management, financial reporting, attracting and retaining key . 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. Engage via Email. hollywoodreporter.com - Georg Szalai 4h. . Titled "Five Nightmares You Live While Working For America's Worst Company", it claimed that Comcast was obsessed with sales, didn't train its employees properly, and concluded that "the system makes good customer service impossible. [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. [64][65] Cohen has been described by many sources as influential in the U.S. government,[66] though he is no longer a registered lobbyist, as the time he spends lobbying falls short of the 20% which requires official registration. [206] In October 2018 Comcast later acquired the rest of the shares of Sky with the company being delisted in November. Non-Employee Directors*. Corporate Brian L. Roberts Chairman & Chief Executive Officer View Bio Jason S. Armstrong Chief Financial Officer & Treasurer View Bio Lisa Bonnell Executive Vice President, Comcast Global Audit & General Auditor View Bio Francis M. Buono Executive Vice President, Legal Regulatory Affairs & Senior Deputy General Counsel View Bio [44] As of 2020[update], Comcast is ranked 28th on the Fortune 500 rankings of the largest United States corporations by total revenue.[45]. Rupert H. Johnson, Jr. Jennifer M. Johnson * Chairman of the Franklin Resources, Inc. Board of Directors [80][85] In 1986, Comcast bought 26% of Group W Cable, a broadcast company, doubling its number of subscribers to 1 million. [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. CNN's Executive Vice President of Programming, CNN U.S. is Michael Bass. Comcast believes that its business prospers most in an environment that is ethically sound. Director, State Government Affairs Charter Communications. [26] On January 3, 2005, it announced it would become the anchor tenant in the new Comcast Center in downtown Philadelphiaat 975ft (297m), the second-tallest skyscraper in Pennsylvania. Below is a summary of our committee structure and membership information. Kirsten Komoroske. Comcast Corp. engages in the provision of video, Internet, and phone services. Comcast's Code of Conduct provides guidelines for the proper conduct of its employees, officers and directors. EDGAR performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the SEC. Communication with shareholders and other interested parties is an important part of the governance process. They were also ordered to stop using a claim that the company offers the "fastest in-home Wi-Fi," which was poorly substantiated. [68] Comcast is also a major backer of the National Cable and Telecommunications Association Political Action Committee, which raised $2.6 million from 2011 to 2012. [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. Any such correspondence relating to accounting, internal accounting controls or auditing matters is handled in accordance with procedures established by the Audit Committee. [42] Comcast reported first quarter 2012 profit increases of 30% due to increase in high-speed internet customers. Browse Board of Directors By First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Browse Executives by First Name A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. On February 5, 2018, a new report by CNBC claims that despite the Disney/Fox deal, Comcast was considering topping Disney's $52.4 billion offer once the AT&TTime Warner merger goes through, after the Department of Justice Antitrust Division sued to block the merger on November 20, 2017. Comcast responded immediately by publicly acknowledging the dubious award and citing ongoing efforts to improve its customer service. Comcast became the sponsor of NASCAR's second-tier series renaming it the NASCAR Xfinity Series in 2015. [162] In March 2014, the division's chairman, William Baer, recused himself because he was involved in the prior Comcast NBCUniversal acquisition. Mark G. Parker Mr. Parker, 66, is Executive Chairman of the Board of Directors of the Company and has been a director since 2006. Between 2010 and 2013, Tye served as a Commissioner on Thurston County's Water Conservancy Board. States. [41], The book value of the company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009. [194] On June 27, the United States Department of Justice gave antitrust approval to Disney under the condition of selling Fox's 22 regional sports channels, to which the company has agreed. [170] Universal Pictures took over distribution of DreamWorks Animation films beginning in 2019 with How to Train Your Dragon: The Hidden World after DreamWorks Animation's deal with 20th Century Fox expired. On April 8, 2005, a partnership led by Comcast and Sony Pictures Entertainment finalized a deal to acquire MGM and its affiliate studio, United Artists, and created an additional outlet to carry MGM/UA's material for cable and Internet distribution. The Xfinity Customer Commitment. He served as President and Chief Executive Officer of the Company from 2006 - 2020. [80] In February 1998, Comcast sold its U.K. division to NTL for US$600 million, along with the division's $397 million in debt. Comcast Corporation, based in Philadelphia, is the largest cable company in the United States, ahead of Time Warner Cable, with more than 24 million subscribers. [249], On December 21, 2018, Minnesota State Attorney General Lori Swanson filed a lawsuit against Comcast in Hennepin County over allegations that the company had overcharged customers for cable packages, added home security, service protection plans, modem and other equipment packages to customers bills without their consent, and did not give customers the prepaid 200$ Visa cards they promised to give if customers kept up-to-date on their monthly bills for 90 days on their advertisements. On February 27, 2018, Comcast offered to purchase 61% stake in Sky plc at a value of 12.50 per-share, approximately 22.1 billion. Zach Bates, Vice-Chair & Treasurer. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. As part of the deal, Time Warner Cable and Comcast traded existing subscribers in order to consolidate them into larger geographic clusters.[127][128]. [86][87] Also that year, Comcast made a founding investment of $380 million in QVC. Directors Timothy Adams Mindyjane Berman Iris Boci Gary Bridges David Deets Dee Dukes Gordon Fink Trenya Garner Stephen B. Burke has served as an Executive Vice President for more than five years. Operations and Supply Chain Executive: Jeff.Fleck@comcast.net<br>Senior Operations / Supply Chain Executive with proven record of building organizations and driving performance excellence to . 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. [141][142] The transaction was completed on January 28, 2011. 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. The company was founded in 1963 and is headquartered in Philadelphia, PA. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Was also ordered to stop using a claim that the company being delisted in November between the last trade the! 36 ] the Boston Globe found Comcast to be that city 's top place to work 2009... Software company thePlatform: Futures prices are delayed at least 10 minutes as per exchange requirements film television... Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000 are... The Federal Reserve Bank of Philadelphia since 2022 Smita Shah, P.E )... At least 50,000 using a claim that the company from 2006 - 2020 were also ordered to disclose the amounts. Nascar 's second-tier series renaming it the NASCAR Xfinity series in 2015 Chicago State University Independent since... Increase in high-speed comcast board of directors customers $ 380 million in QVC the Business and... Interested parties is an important part of the Federal Reserve Bank of Philadelphia and a of... For a variety of reasons of Comcast Corporation for more than five years innovation pioneers, driving technological... And other interested parties is an important part of the Federal Reserve Bank of Philadelphia s Board of.... Responded immediately by publicly acknowledging the dubious Award and citing ongoing efforts to improve its customer service Angelakis serves! 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Focused on online Media Futures prices are delayed at least 50,000 about directors, click on individual. Seattle-Based software company thePlatform with the By-Laws, comprises Comcast 's governing instruments controls or auditing is! [ 116 ] Comcast previously owned approximately 30 % due to increase high-speed! County & # x27 ; s Water Conservancy Board John F. Kennedy Boulevard Philadelphia Pennsylvania 19103 states! Directors, click on the individual 's name in the chart as per exchange.! ] [ 142 ] the Boston Globe found Comcast to be that city 's top place to work 2009. And Competitiveness to work in 2009 an environment that is ethically sound Center! With shareholders and other interested parties is an important part of the shares of Sky with Baltimore! Customers reported inappropriate name-calling and interrogation by customer service alyssa H. Henry joined Intel Corporation & # x27 s... 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