Blog Post

Comcast COO Burke Snags $34 Million In 2009 Compensation

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

Comcast (NSDQ: CMCSA) COO Steve Burke, who will assume responsibility for running the Philadelphia MSO’s vast content assets after its NBC Universal (NYSE: GE) joint venture passes regulatory muster later this year, got a Hollywood-style salary increase in 2009, with his total compensation rising 50% to $33.9 million from $22.6 million in the prior year.

According to Comcast’s proxy statement filed with SEC Friday, the bulk of Burke’ increase was fueled by additional stock awards — at $10.1 million in 2009 more than twice the $4 million he was awarded in 2008. Burke also received a $3 million bonus — he received no bonus in 2008 — and his base salary rose slightly to $2.33 million in 2009 vs. $2.22 million in 2008.

Chief financial officer Michael Angelakis, the architect of the NBCU deal, saw his total compensation rise 49% to $21.6 million from $14.5 million in 2008, fueled largely by a doubling of his stock awards for the year to $6.1 million from $3 million in 2008. More on Multichannel.