Comcast CEO's 2010 pay package valued at $31.1M

http://apnews.excite.com/article/20110401/D9MB3BVO3.html

Apr 1, 4:30 PM (ET)

By BARBARA ORTUTAY

NEW YORK (AP) - Brian Roberts, the CEO of cable company Comcast Corp., received a compensation package valued at $31.1 million in 2010, up 14 percent from a year earlier as the company worked to complete a deal to become the majority owner of NBCUniversal.

Most of the increase came in the form of a performance-based cash bonus of $10.9 million, up from $8.2 million a year earlier.

The company's board used a formula based on the company's cash flow and revenue and a subjective factor to determine that Roberts bonus should have been $13.4 million, but said that he and other top executives had asked not to receive their full bonuses.

Roberts, who also serves as president and chairman, received stock and option awards worth $11.2 million last year, up 3 percent from a year earlier, according to a proxy filing with the Securities and Exchange Commission.

Roberts received a base salary of $2.8 million in 2010, down 4 percent from $2.9 million in 2009.

FULL story at link.

I mean it. They keep pushing, and pushing, and pushing, and they wonder how far they can go, and then they push some more.

This is going to stop people. Not until congress starts taxing the fat cats. Even then greed is legal, the right taxes on the fat cats might just only slow them down.