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. Compensation and Human Capital Committee. 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 . Our Board of Directors is focused on creating long-term value for Adobe stockholders. 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. [33], Despite these criticisms, Comcast has appeared on multiple "top places to work" lists. [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. Comcast is often criticized by the media and its own staff for its less-than-upstanding policies of employee relations. 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. [240][241] Comcast employs the spouses, sons and daughters of mayors, councilmen, commissioners, and other officials to assure its continued preferred market allocations. Based in London for Sky (skygroup.sky), Europe's leading direct-to-consumer media and entertainment company, a division of Comcast-NBCUniversal. To access the individual Committee Charters please click below. [80] Comcast's initial public offering occurred on June 29, 1972, with a market capitalization of U.S. 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 He is on the Advisory Board of Tsinghua University School of Economics and Management. Board Member. [106] After Excite@Home went bankrupt in October 2001, Comcast took over providing internet directly to consumers in January 2002. The Comcast and NBCUniversal IDCs meet regularly throughout the year, and are chaired respectively by David L. Cohen, Senior Executive Vice President and Chief Diversity Officer for Comcast Corporation, and Craig Robinson, Executive Vice President and Chief Diversity Officer for NBCUniversal. Comcast's corporate governance practices and policies promote fairness, transparency and accountability and reflect the Company's commitment to integrity in its dealings with all of its stakeholders. 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. "[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." To learn more about Directors, click on the individual's name in the chart. 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 . [24], Comcast is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City. According to Corporate Library, Comcast's board of directors ability to oversee and control management was severely compromised (at least in 2010) by the fact that several of the directors either worked for the company or had business ties to it (making them susceptible to management pressure), and a third of the directors were over 70 years of age. 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. Mark Aslett is President and Chief Executive Officer, and a member of the Board of Directors. MEET THE BOARD The Board of Directors has four committees: The Audit Committee, Compensation, Culture & People Committee, Finance Committee, and Nominating, Governance & Sustainability Committee. [82] In 1968, American Cable Systems purchased its first franchise of Muzak, a brand of background music played in retail stores. Comcast intends to offer the selected candidate base pay dependent on job-related, non-discriminatory factors such as experience. [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. CEO of Comcast, Brian L. Roberts said: "I'd like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company. In 1996, Comcast bought a controlling stake in Spectacor from the company's founder, Ed Snider. Board Member. It would not include the Fox Broadcasting Company, Fox Television Stations, Fox Sports, and Fox News units, all which will be spun-off into a new independent company,[176] which is later known as the Fox Corporation since the 2019 launch. [168][169] The deal closed on August 22, 2016; DreamWorks Animation was integrated into NBCUniversal Film and Entertainment as part of Universal Pictures. Comcast develops broadband cable networks and is involved in electronic retailing and television programming content. With $18.8 million spent in 2013, Comcast has the seventh largest lobbying budget of any individual company or organization in the United States. Comcast Corporation (formerly known as American Cable Systems and Comcast Holdings),[note 1] headquartered in Philadelphia, is the largest American multinational telecommunications conglomerate. Jonathan Levy has been appointed managing director and executive editor of Sky News U.K. Comcast-owned European TV giant Sky unveiled a new leadership . 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. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014. 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. [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. Fox stated that it "remains committed to its recommended cash offer for Sky", and that Comcast had not yet made a "firm offer". Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. The American Customer Satisfaction Index, "Lobbying Spending Database - Comcast Corp, 2017 | OpenSecrets", "Corporate Jet Set, Leisure vs. Businessw", "1080i channels are being changed to 720p channels", "Not so fastComcast told to stop claiming it has "fastest Internet", "MN sues Comcast alleging overcharges, broken promises", "Comcast/Xfinity to issue refunds to settle Minnesota lawsuit", ACC fans considering leaving Comcast in order to watch new ACC Network, ACC Fans Celebrate: ACC Network is Finally on U-Verse, Comcast Violates a Key Marketing Principle: Never Give Your Customers a Reason to Switch, NC Governor Asks TV Providers to Carry ACC Network, "Supreme Court Won't Stop Antitrust Trial for Comcast", https://en.wikipedia.org/w/index.php?title=Comcast&oldid=1141991033, Worldwide; mostly United States and Europe, Maritza Montiel, former deputy chairman and CEO of, Asuka Nakahara, former CFO of Trammell Crow, This page was last edited on 27 February 2023, at 23:10. In this role . [71], Comcast also backs lobbying and PACs on a regional level, backing organizations such as the Tennessee Cable Telecommunications Association[72] and the Broadband Communications Association of Washington PAC. [27] As of 2019, the company had 184,000 employees.[28]. ACTIVE DIRECTOR JAMES CAMPBELL Senior Director, Government Affairs Altice USA. We deliver service on your terms, including 24/7 support, easy self-service tools on any . [109][110] However, after rejection by Disney and uncertain response from investors, the bid was abandoned in April. [185] Eight days later, several Fox investors expressed interests in signing a deal with Comcast due to their all-cash offer as opposed to Disney's $52.4 billion stock offer. 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 . 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. [38] Comcast was also named a "Top 2014 Workplace" by The Washington Post in their annual feature. Board of Directors. 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. [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. [212][213][214][215], Through Sky, Comcast offers any first-party and third-party television programming which using the satellite distribution system to its customers and subscribers across several countries in Europe, such as the United Kingdom, Ireland, Germany, Austria, Switzerland, Italy and Spain. He played his final season for the New York Yankees in 2014. [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. [14], Comcast has been criticized for a variety of reasons. On July 16, 2018, CNBC reported that Comcast was unlikely to continue its bidding war to acquire Fox from Disney in favor of Sky. "[204] Eight days later, 21st Century Fox shareholders agreed to sell the majority of its assets to Disney for $71.3 billion. [209], Comcast Cable, which goes by the brand name Xfinity, provides cable television, broadband internet, and home telephone services. [95] Also in 1996, Comcast formed Comcast Spectacor, which became owner of the Philadelphia Flyers. Chair and Chief Executive Officer. 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. 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. Joseph Moran By Patty Tascarella - Senior Reporter, Pittsburgh Business Times Oct 2, 2020 PNC Financial Services Group. Comcast's executive vice president, David Cohen, admitted the company needed to improve their customer service. [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. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. 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. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. [161] On March 6, 2014, the United States Department of Justice Antitrust Division confirmed it was investigating the deal. Ms. Henry is an independent director. The SEC Filings on this page are provided by EDGAR (www.sec.gov), the Electronic Data Gathering, Analysis, and Retrieval System of the U.S. Securities and Exchange Commission (SEC). DAN GONZALEZ Group Vice-President, State Government Affairs Charter Communications. All rights reserved. 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. Michael J. Angelakis has served as the Chief Financial Officer of Comcast Corporation for more than five years. [174] The service was officially announced on April 6, 2017, as Xfinity Mobile.[175]. General Counsel, Farris Bobango PLC. On September 22, 2018, Comcast outbid 21st Century Fox, by raising its bid for Sky plc to $40 billion, or $22.57 a share. The Media segment consists of NBCUniversals television and streaming platforms, including national, regional, and international cable networks. [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. The new service, described as being a "Wi-Fi and MVNO-integrated product", and was expected to launch in mid-2017. 2/27/2023 12:05 AM. Minimum 15 min delayed. The service operates as a business within the Comcast Cable division. Below is a summary of our committee structure and membership information. 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. [160] The House Judiciary Committee planned its own hearing. [200], However, on July 12, 2018, the Department of Justice filed a notice of appeal with the D.C. [63][78] However, it is important to note that for years, Comcast has been relying on subsidiaries to finance philanthropic pursuits. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Its customer satisfaction ratings were among the lowest in the cable industry during the years 20082010. ACTIVE DIRECTOR TRENT CLAUSEN Vice President of Engineering Comcast Cable. 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. [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. 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 From the Effective Time until and including the second annual meeting of the stockholders of Comcast taking place after the Effective Time, (i) the Board of Directors of Comcast will nominate the New Directors for reelection to the Comcast Board of Directors at each subsequent annual or special meeting of the stockholders of Comcast at which the [159] The U.S. Senate Judiciary Committee held a hearing on the deal on April 9, 2014. When Comcast took majority ownership in NBCUniversal, a significant number of cable networks were added to this list. Operations and Supply Chain Executive: [email protected]<br>Senior Operations / Supply Chain Executive with proven record of building organizations and driving performance excellence to . Plans for the launch initially scheduled for summer 2020[222] were put on hold due to the COVID-19 pandemic in the United Kingdom. [141][142] The transaction was completed on January 28, 2011. Brian is a member of the Business Roundtable and served on President Obamas Council on Jobs and Competitiveness. Roberts owns or controls about 1% of all Comcast shares but all of the Class B supervoting shares, giving him an "undilutable 33% voting power over the company". Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. [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. Kenneth J. Bacon has served as a director since November 2002. The Board of Directors (the "Board") of Comcast Corporation (the "Company") has adopted these corporate governance guidelines, which, in conjunction with the Company's articles of . 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. Kenneth J. Bacon has served as a director since November 2002. 5505 Blue Lagoon Drive Miami, FL 33126. As its customer satisfaction eroded by 7% over the past year, revenue increased by 12%." Responsible for overseeing Comcast's credit risk organization, including credit underwriting and portfolio risk management . Comcast included a 10-year commitment to the operations and funding of Sky News similar to that of Disney's offer. Mr. Schaeffer can be reached at [email protected] or 202-295-4201. ", "Comcast to buy DreamWorks Animation for 2.6bn", "Comcast in Discussions to Buy DreamWorks Animation, WSJ Reports", "Comcast Completes $3.8 Billion Purchase of DreamWorks Animation", Comcast confirms plans to launch mobile phone service in 2017, "Comcast confirms plans to launch mobile phone service in 2017", "Comcast Is Launching a Wireless Service Next Year", "RPT-Comcast builds out "smart home" strategy as cable shrinks", "Comcast plunges again into cell phone service. Comcast Cable. Pay Range: $150,713.72 - $226,070.58. Board of Directors Ted Baecher. In 2011, the company formed a joint venture with General Electric that gave it a 51% interest in NBCUniversal (NBCU). A board of directors is essentially a panel of people who are elected to represent shareholders. [119], In May 2008, Comcast purchased Plaxo for a reported $150 million to $170 million. 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. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Engage via Email. Board Member and President of the Sharon D. Lund Foundation. Who's #1 on the Board of Directors? The next day on September 26, 2018, Fox with the consent of its acquirer sold its 39% stake to Comcast in exchange for $15 billion in cash. 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. Comcast became the sponsor of NASCAR's second-tier series renaming it the NASCAR Xfinity Series in 2015. C: Chairperson M: Member * Independent Lead Director Non-independent Directors. It does not purport to be complete or to describe the consequences that may apply to you given your particular taxes. In July 2006, Comcast purchased the Seattle-based software company thePlatform. Over a number of years, Comcast became majority owner of Comcast SportsNet, as well as Golf Channel and NBCSN (formerly the Outdoor Life Network, then Versus). With the guidance and support of our Board of Directors, the Ad Council maximizes the industry's passion for social good. [108] The deal would have made Comcast the largest media conglomerate in the world. States. A company training manual says, "Comcast does not feel union representation is in the best interest of its employees, customers, or shareholders". News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Tye has also been actively involved . As part of this acquisition, Comcast also acquired the National Digital Television Center in Centennial, Colorado as a wholly owned subsidiary, now known as the Comcast Media Center. [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. Members include Adobe co-founder Dr. John Warnock and experts from a broad . [129] On January 1, 2007, Comcast officially took control of the Houston system but continued to operate under the Time Warner Cable brand until June 19, 2007. She leads Square, inclusive of . [242][243][244], Comcast was given an "F" for its corporate governance practices in 2010, by Corporate Library, an independent shareholder-research organization. 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