/// Comcast Signs Steve Burke to a Four-Year Contract Extension

August 16, 2013  |  Media Week

Comcast has extended NBCUniversal president and CEO Steve Burke’s contract through August 2018. Per terms of the new contract, which was made public in an August 16 filing with the Securities and Exchange Commission, Burke’s base salary will be increased to $2.64 million per year, effective next month. This marks an 18 percent increase from the $2.24 million salary Burke earned under his earlier contract. Burke’s previous contract with Comcast/NBCU had been set to expire at the end of 2014. In addition to the little something extra in his paycheck, Burke also will receive a performance-based bonus in the amount of $5 million. According to the language of the 8-K filing, the bonus was granted as “an inducement for Mr. Burke to extend the term of his existing employment agreement, and on account of Mr. Burke’s outstanding work in integrating NBCUniversal and its businesses into Comcast .” Comcast also formally credited Burke with

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