GECs
Comcast CEO Brian Roberts extends contract through June 2014
MUMBAI: Comcast chief executive Brian L. Roberts has extended his tenure at one of the largest cable company – for at least another year.
Roberts isn’t planning on going anywhere – despite the seemingly short-term nature of the deal. His father, Ralph Roberts, founded the company half a century ago. What’s more, Brian Roberts’ employment contract had expired last month, according a filing Wednesday with the Securities and Exchange Commission.
Rather than renegotiate his entire agreement, Roberts simply amended the pact so that it runs through June 2014. He did not negotiate any other modifications to the existing agreement, the filing said.
This is not the first time Roberts, 54, has extended his agreement beyond its expected expiration. The current agreement took effect 1 January, 2005.
Roberts last year received a compensation package from Comcast valued at $29 million, up eight per cent from 2011.
