Comcast CFO Angelakis named Vice Chairman

Tom Paine


Comcast EVP & CFO Michael Angelakis now has the title of Vice Chairman, according to an SEC filing by the company today.

His new contract extends his terms of employment through 2016. While Angelakis' base salary and annual bonus potential (up to three times annual base compensation) remain the same, he will receive signing bonuses in excess of $4 million. The filing says the agreement "continues the structure of Mr. Angelakis’ prior employment agreement of crediting contributions to the Company’s deferred compensation plan", although its not clear right now if the amounts involved change from his previous arrangement. Angelakis' base salary in 2010 was $1,682,448 and his total compensation was almost $23 million, according to Comcast's Proxy statement (pdf).

Angelakis joined Comcast in 2007 from PE firm Providence Equity Partners.



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