comcast board of directors
[113][114] On October 31, 2005, Comcast officially announced that it had acquired Susquehanna Communications, a South Central Pennsylvania-based cable television and broadband services provider and unit of the former Susquehanna Pfaltzgraff company, for $775 million cash. 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. [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. CNN's Executive Vice President of Programming, CNN U.S. is Michael Bass. [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. The new service, described as being a "Wi-Fi and MVNO-integrated product", and was expected to launch in mid-2017. This section contains the composition and charters of our Board's committees. 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. At Dell Technologies, all our Digital Leaders are innovation pioneers, driving the technological revolution forward. [83] That same year, in partnership with Disney, Comcast got a 50.1% controlling interest in E! (see, Meg James "Los Angeles Times" February 12, 2013, Last edited on 27 February 2023, at 23:10, National Cable & Telecommunications Association, Attempted purchase of Time Warner Cable by Comcast, United States Department of Justice Antitrust Division, How to Train Your Dragon: The Hidden World, Acquisition of 21st Century Fox by Disney, Bloomberg profile on Comcast Holdings Corporation, "Comcast Corporation 2022 Annual Report (Form 10-K)", "Comcast, Form 8-K, Current Report, Filing Date Jan 31, 2011", "Comcast, Form 8-K, Current Report, Filing Date Feb 12, 2013", "Comcast, Form 8-K, Current Report, Filing Date Mar 19, 2013", "Comcast Completes Acquisition Of GE's 49% Stake In NBCUniversal", "Comcast Tops Q3 Earnings Forecast After $40 Billion Sky Deal", "Comcast Is Crowned Consumerist.Com's 2010 'Worst Company in America', J.D. [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. Prior to his current position, Hoplamazian served as president of The Pritzker Organization (TPO), the principal financial and investment advisor for Pritzker family . 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 Embedding D&I in the Business [81] In 1965, American Cable Systems purchased Storecast Corporation of America, a product placement supermarket specialist marketing firm. [184], On May 7, 2018, Comcast announced a potential bid against Disney's effort to acquire Fox after it spoke to investment banks about making a $60 billion cash offer, pending on approval of the AT&TTime Warner merger. 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. Email. [162] In March 2014, the division's chairman, William Baer, recused himself because he was involved in the prior Comcast NBCUniversal acquisition. Director, Government Affairs at Comcast . Brian has worked at Comcast since graduating from The Wharton School of the University of Pennsylvania. The ACSI analysis also addresses this contradiction, stating that "Such pricing power usually comes with some level of monopoly protection and most cable companies have little competition at the local level. According to Heidrick & Struggles Board Monitor, there are approximately 5,500 board seats in the Fortune 500, and of that number 14.5 percent are held by CFOs or retired CFOs. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014. We take pride in our products, which is why we offer a 30-day money-back guarantee for Xfinity TV, Internet, Pro Protection and Voice services, and a 14-day money-back guarantee for Xfinity Mobile services and devices. 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. [100][101] This consolidated Comcast's control over all of the Philadelphia region, and earned them approximately 1.3 million additional cable subscribers. They primarily carried local programs and sports (including, in some cases, serving as the designated overflow channel for local regional sports networks). His extensive background in global business spans the technology industry across a variety of markets, including telecommunications, data networking, security, defense and life sciences. 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. (Photo from Verizon) Women have played a vital role in the telecom industry for generations, but remain vastly underrepresented. Plans for the launch initially scheduled for summer 2020[222] were put on hold due to the COVID-19 pandemic in the United Kingdom. Inquiries relating to our XFINITY services should be directed to Xfinity.com/support or 1-800-XFINITY (1-800-934-6489). Boards and Commissions - Board Directory An official website of the City of Chicago Here's how you know CHIBoards and Commissions Home Board Directory Member Search Ethics and Open Meetings Boards and Commissions Directory The information on this site is current as of January 26, 2023 McCarthy to represent Comcast in bringing economic development to Illinois June 29, 2022 - Intersect Illinois today announced that Sean McCarthy, vice president of business development and strategic initiatives for Comcast's Greater Chicago Region, has joined its board of directors. 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. [125] The two companies paid a total of $17.6billion in the deal that was finalized in the second quarter of 2006after the U.S. Federal Communications Commission (FCC) completed a seven-month investigation without raising an objection. To access the individual Committee Charters please click below. Mr. Bacon has been a partner at RailField Partners, a financial advisory and asset management firm, since his retirement from Fannie Mae in March 2012, where he had served as the Executive Vice President of the multifamily mortgage business since July 2005. [183] On April 25, 2018, Comcast made its formal counter-bid for Sky plc, offering 12.50 per-share; Sky subsequently withdrew its recommendation of the Fox bid. Contact the Board or Audit Committee. [118], Comcast announced in May 2007[119] and launched in September 2008 a dashboard called SmartZone that allowed users to perform mobile functions online. "[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." "[237][238], In April 2014, Comcast was awarded the 2014 "Worst Company in America" award; an annual contest by the consumer affairs blog The Consumerist that runs a series of reader polls to determine the least popular company in America. [117] This represented an entry into a new line of businessselling software to allow companies to manage their Internet (and IP-based) media publishing efforts. After the dissolution, Comcast obtained the Houston system, and Time Warner retained the others. 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. . Comcast executive David Cohen has joined PNC's board of directors. Employee Directors. ", "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. [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. He and his wife, Aileen, live in Philadelphia. Today, Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. [193], However, on June 20, 2018, Disney and Fox announced that they had amended their previous merger agreement, upping Disney's offer to $71.3 billion (a 10% premium over Comcast's $65 billion offer), while also offering shareholders the option of receiving cash instead of stock. Indianapolis Public Transportation Corporation Board of Directors 1st Term: Dec 06, 2021 to Aug 05, 2024 Don Adams Central Indiana Regional Transportation Authority Board 2nd Term: Jan 01, 2010 to Dec 31, 2022 Preston T Adams III Indianapolis Charter School Board 1st Term: Jul 14, 2020 to Aug 31, 2024 Zach Adamson Mayor's Latino Advisory Council [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. Below is a summary of our committee structure and membership information. [80] Comcast's initial public offering occurred on June 29, 1972, with a market capitalization of U.S. 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. Accordingly, Comcast does not accept any responsibility for the content or use of any information obtained through EDGAR. Between 2010 and 2013, Tye served as a Commissioner on Thurston County's Water Conservancy Board. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. [126] Time Warner Cable became the second-largest cable provider in the U.S., ranking behind Comcast. [206] In October 2018 Comcast later acquired the rest of the shares of Sky with the company being delisted in November. To learn more about Directors, click on the individual's name in the chart. Rima Qureshi is Verizon's Chief Strategy Officer & Executive Vice President. [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. On August 22, 2016, NBCUniversal bought DreamWorks Animation along with its major IP, including Shrek, How to Train Your Dragon, Kung Fu Panda, Trolls, and Madagascar and Big Idea Entertainment owning its famous Christian computer animated direct-to-video franchise VeggieTales. 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 Lift A Life Novak Family Foundation, Comcast Corp. 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 . Source: FactSet. Philadelphia, PA 19103. In 1963, Ralph J. Roberts in conjunction with his two business partners, Daniel Aaron[79] and Julian A. Brodsky, purchased American Cable Systems[80] as a corporate spin-off from its parent, Jerrold Electronics, for U.S. $500,000. ", "Comcast Launches App-Based Technician Tracker", "Comcast, Time Warner to Carve Up Adelphia", "Comcast, Form 8-K, Current Report, Filing Date Apr 26, 2005", "Adelphia deal to shuffle cable: One in 10 subscribers to get new operator as a result of $17.6B purchase by Comcast, Time Warner", "Comcast adjusts to accommodate Adelphia deal", GE is in Talks to Spin Off NBC, Give Comcast 51% of New Unit, GE and Comcast Exploring a Spin-Off of NBC Universal, GE Investors Breathe Sigh of Relief on Comcast Talks, Questions Continue to Swirl Around Comcast Venture, Comcast Said to Be Close to Gaining NBC Universal, "GE, Comcast Complete Deal Over NBC Universal: Source", "Comcast, Form 8-K, Current Report, Filing Date Dec 4, 2009", "Comcast scores controlling stake in NBC Universal", "Comcast Wins U.S. Approval to Buy NBC Universal From GE for $13.8 Billion", Comcast Takes Over NBC Universal After Long Review, "Comcast Adds NBC Peacock to Corporate Logo", Comcast to buy out GE's interest in NBCUniversal, "Comcast To Pay $16.7B For General Electric's 49% Of NBCUniversal", "Comcast Burdened by Covid-19 Impact on Theme Parks, Movie Studio", "Comcast strikes deal to buy Time Warner Cable for $45 billion", "Comcast Agrees to Buy Time Warner Cable for $45.2 Billion", "Comcast confirms $45 billion merger with Time Warner Cable", "Time Warner Cable to Merge with Comcast Corporation to Create a World-Class Technology and Media Company", "What The Comcast-Time Warner Cable Merger Means For TV Viewers", "Sen. Al Franken: Comcast buying Time Warner Cable could threaten 'open nature' of internet", "Ex-cable and wireless lobbyist confirmed as FCC chairman", "We Need Real Competition, Not a Cable-Internet Monopoly", Comcast spreads cash wide on Capitol Hill, "A sometimes-tense hearing on Capitol Hill on proposed Comcast-Time Warner merger", "Goodlatte and Bachus Statement on Proposed Comcast-Time Warner Cable Merger", "US confirms antitrust probe of Comcast-TWC deal", "Top Official Can't Rule on Cable Merger", "Exclusive: States to probe Comcast plan to buy Time Warner Cable", "Comcast Is Said to End $45 Billion Bid for Time Warner Cable", "Comcast speeding up its discounted Internet service", "Comcast Launches Watchable: Can Web Video Help Save Cable TV? Base pay is one part of the Total Rewards that Comcast provides to compensate and recognize employees for their work. [139] On January 18, 2011, the FCC approved the deal by a vote of 4 to 1. Comcast Board Members Name & TitleBio Brian L. Roberts CEO Brian Michael Roberts (born October 9, 1977) is an American former professional baseball second baseman. Mr. Schaeffer can be reached at dschaeffer@cogentco.com or 202-295-4201. [147][148] The acquisition was completed on March 19, 2013. Board of Directors This section contains our Board of Directors' biographies. He played his final season for the New York Yankees in 2014. [207] The merger was completed on November 7, 2018 when the company was delisted after becoming a wholly owned subsidiary and division of Comcast. [107], On February 11, 2004, Comcast announced a $54billion bid for The Walt Disney Company, including taking on $12billion of Disney's debt. [27] As of 2019, the company had 184,000 employees.[28]. [89], In February 1990, Ralph Roberts' son, Brian L. Roberts, succeeded his father as president of Comcast. Mr. Bacon has been a partner at RailField Partners, a financial advisory and asset management firm, since his retirement from Fannie Mae in March 2012, where he had served as the Executive Vice President of the multifamily mortgage business since July 2005. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Fox's offer is contingent on the divestiture of Sky News. Comcast Business offers ethernet, internet, Wi-Fi, voice, television and managed enterprise services to organizations. Governance and Corporate Responsibility Committee. [159] The U.S. Senate Judiciary Committee held a hearing on the deal on April 9, 2014. President of Chicago State University Independent Director since 2022 Smita Shah, P.E. 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