Steve Burke once again is Comcast's most highly compensated man
For the second straight year, Steve Burke received a richer compensation package than that of his boss, Comcast Chief Executive Brian L. Roberts.
Burke, who in January became chief executive of the Comcast-controlled media giant NBCUniversal, was awarded a compensation package in 2010 valued at $34.74 million. That included his $2.24-million base salary, a $3-million signing bonus (the second installment after renewing his contract in 2009), and nearly $15 million in stock and option awards.
Roberts collected a total package for 2010 valued at $31.05 million. That included his base salary of $2.8 million, $11 million in stock and option awards and $10.9 million in nonequity incentives. Roberts did not receive a bonus.
The salary information was contained in the Philadelphia-based cable giant's annual proxy, which it filed Friday morning with the Securities and Exchange Commission.
In 2009, Burke received a $33.98-million package, which was boosted by the first installment of his signing bonus. The award was calculated, in part, to reflect Burke's increasing responsibilities overseeing Comcast's interest in NBCUniversal. He spent most of last year learning NBCUniversal's operations and putting together his new executive team.
Roberts, meanwhile, received $27.24 million in compensation in 2009.
Burke also spent more time on the corporate jet than Roberts. Burke's travel time amounted to $386,752, which the company paid, while Comcast spent $195,767 to fly Roberts around.
Michael J. Angelakis, the financial architect of the NBCUniversal deal and Comcast's chief financial officer, received a package valued at $22.9 million for 2010 -- a slight increase from his $21.55 package in 2009.
Comcast's Executive Vice President David L. Cohen was bestowed a package valued at $12.69 million, an increase over his $9.83-million package in 2009. Comcast general counsel Arthur R. Block received $4.23 million for 2010, down from his $6.15-million package in 2009.
-- Meg James
Photo of Steve Burke / Credit: Comcast Corp.