NBCU's Steve Burke Gets Pay Raise in New Deal
He gets a $5 million bonus for what the company says is "outstanding work."
NBCUniversal CEO Steve Burke has extended his employment agreement through 2018.
The deal increases his base salary to $2.6 million, which is up from about $2.2 million annually under the old agreement. In addition, Burke has been granted a $5 million performance-based bonus "on account of Mr. Burke’s outstanding work in integrating NBCUniversal and its businesses into Comcast, and making extraordinary progress in improving its businesses and results," according to an SEC filing made by the company on Friday.
He also continues to earn cash bonuses up to 300 percent of his base salary based upon the achievement of certain performance goals. He's also set to earn millions of dollars more under the company's deferred compensation plan.
All told, he figures to increase the total compensation package of $26.3 million that Comcast reported for him last year.
Comcast's stock price is up nearly 26 percent in the past 12 months to more than $42 a share. Here's a look at the company's key financial metrics:
- Prince Takes Over the 'Arsenio Hall Show,' Debuts New Funky Song
- A Train, a Trestle and 60 Seconds to Escape: How 'Midnight Rider' Victim Sarah Jones Lost Her Life
- 'Divergent' Star Shailene Woodley: The Next Jennifer Lawrence?
- 'Noah' Banned in Several Middle Eastern Countries
- Lindsay Lohan's OWN Series Gets First Official Trailer (Video)
- MOST SHARED
- MOST POPULAR
- Lindsay Lohan Misses Her AA Meeting, Blames Paparazzi On Premiere Of OWN Series (VIDEO)
- William Guarnere Dead: 'Band Of Brothers' Vet Dies At 90
- The MovieFilm Podcast: Remembering Ghostbusters, Plus Aaron Paul on Need For Speed