Less than a month after sealing its deal with General Electric to buy a controlling stake in NBC Universal, Comcast has signed a new employment contract with its COO Stephen Burke.
The new deal keeps Burke at Comcast for five more years, and he’ll oversee NBCU once the deal is completed. Burke, who is said to have helped orchestrate the NBCU deal, is earning $2.2 million a year plus a $3 million signing bonus, and he’ll “be eligible for two cash bonuses of $3 million each during the course of the contract,” Variety reported. He also earned $6 million in stock at the time of signing and will get $6 million more when the NBCU deal closes.
Not too shabby.
Comcast seals exec deal —Variety
Previously: It’s Official: Comcast Acquires NBCU Stake