Comcast signs Smit through 2019; WSJ: Angelakis ranks high among CFOs

Tom Paine

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In an SEC filing today, Comcast said that Neil Smit, President & CEO of Comcast's Cable business, has signed up until 2019, with a salary hike and additional financial inducements.

If the merger with Time Warner Cable goes through, he is going to be managing an expanded empire.

Meanwhile, the Inquirer's Bob Fernandez reports that Comcast"s vice chairman and CFO, Michael Angelakis, was rated as the third most effective CFO by the Wall Street Journal, based on Comcast's return on invested capital, operating margin, dividend growth, and share buybacks over the last three years.

Brian Roberts' other top lieutenant, Steve Burke, is receiving heat for his management of NBC News, but he is typically stereotyped as the guy from Comcast who doesn't understand the news biz, which overlooks his early experience with ABC.

Philadelphia Magazine reported last month that Burke's Rittenhouse Square home was finally sold or was under contract after being on the market for a long time, but I'm sure he can still get pretty good digs when he's in town.