Mike earned a B.A. Discovery fell 60 percent since the combined firm started trading, Netflix dropped 50 percent, Disney fell 44 percent the media and cable conglomerate fell 31 percent over the course of 2022. He rowed at Yale. Glenn Allen Youngkin (born December 9, 1966) is an American businessman and politician, currently serving as the 74th governor of Virginia since January 15, 2022. Oct. 12, 2022, 08:24 AM. He'll. With this promotion, Mike will work closely with chairman and CEO Brian L. Roberts to manage the businesses and teams across the company, it said. Cavanagh, also the companys chief financial officer, has not been appointed to the board. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. NBCUniversal parent Comcast has promoted CFO Mike Cavanagh to president, working closely with chairman-CEO Brian Roberts to manage the business and teams across the sprawling company. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. He will remain Chief Financial Officer. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. He was Co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014, a global leader in its industry with over $30 billion in revenue at the time and more than 60,000 employees located in nearly 100 countries. Mike will be only the third president in the companys 59-year history. Mr. Cavanagh was appointed a successor trustee in 2020. Chart Data in Insider Trading History Table. Trustee Michael J. Cavanagh serves as President of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. All Rights Reserved. They sold a total of 7,602,130 shares worth more than $22,410,930.47. The agreement stipulates a base salary of $2.5 million beginning next March, as well as a performance-based award, per the Securities and Exchange Commission filing. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Sky segment provides operations of Sky, one of Europe's entertainment companies, which primarily includes a direct-to-consumer business, providing video, broadband, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network, and Sky Sports networks. Michael Cavanagh, the chief financial officer of Comcast who was recently given the added title of president, has inked a new multi-year deal with the company. You can change your choices at any time by visiting your privacy controls. from Yale University and a J.D. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Comcast named Michael J. Cavanagh as its chief financial officer Monday. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. Michael J. Cavanagh serves as Chief Financial Officer of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Learn More on Comcast's active insiders. All Rights Reserved. from Yale University and a J.D. Mike Cavanagh has been Comcast's chief financial officer since 2015. Cavanagh came to the company seven years ago as the CFO following a stint as co-president and co-chief operating officer of private equity giant Carlyle Group. With this promotion, Mike will work closely with . Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. https://oneofitslegs.org. "With his leadership, the company has expanded its reach significantly in the U.S. and. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. In addition, at JPMorgan Chase and its predecessor firms, Mr. Cavanagh held various key positions that were critical to the companys success, including CEO of the firms Treasury & Securities Services division, Head of Strategy and Planning, and Chief Operating Officer of Middle Market Banking. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. Comcast can also be reached via phone at (215) 286-1700. NBCUniversal parent Comcast has promoted CFO Mike Cavanagh to president, working closely with chairman-CEO Brian Roberts to manage the Mike Cavanagh | Black Dyke Band . Comcast Corp. engages in the provision of video, Internet, and phone services. 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As the Chief Financial Officer and Senior Executive Vice President of Comcast Corp, the total compensation of Michael Cavanagh at Comcast Corp is $26,799,500. Cavanagh who joined Comcast in 2015 after a stint at asset manager The Carlyle Group and previously co-heading investment banking at JPMorgan Chase and serving as CFO of the bank was upped to president in October. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Overnight on Wall Street is daytime in Asia. Mike Cavanagh is only the third president in the companys 59-year history. October 12, 2022. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. 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Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. C-SPAN, an acronym for Cable-Satellite Public Affairs Network, is an American cable television network that offers coverage of federal government proceedings and other public affairs programming via its three television channels (C-SPAN, C-SPAN2 and C-SPAN3), one radio station and a group of. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Michael J. Cavanagh serves as President Financial Officer of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. It also provides communications services, including residential high-speed internet, phone, and wireless services. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Learn More on Michael J. Cavanagh's salary. And we are both very focused on continuing to innovate and grow this wonderful company for all our employees, customers and guests., Sign up for THR news straight to your inbox every day. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. June 2016. edit data. He will continue to act as Comcasts chief financial officer. Enter your email address below to get our daily insider buying and selling report. The global economy also faces a potential recession. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Prior to that, Mr. Cavanagh was the Co-Chief Executive Officer of the Corporate & Investment Bank of JPMorgan Chase & Co. from 2012 until 2014; the Chief Executive Officer of JPMorgan Chase & Co.s Treasury & Securities Services business from 2010 to 2012; and the Chief Financial Officer of JPMorgan Chase & Co. from 2004 to 2010. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ Comcast Corporation today announced that Mike Cavanagh has been named President. I look forward to working together to shape the bright future of Comcast., Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. It also provides wireless and security and automation services to residential customers under the Xfinity brand. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. Said Jamie Dimon, chairman and CEO of JPMorgan Chase: Mike Cavanagh is an outstanding executive and leader what I call an elite business athlete who led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. With this promotion, Mike will work closely with Chairman and. Cavanaghs promotion takes place at a tenuous time for Comcast with its stock price declining considerably over the last year as it looks for new areas of growth and lags in entertainment streaming. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. Mike Cavanaugh. He joined Comcast in 2015 from The Carlyle Group, a global alternative asset manager, where he served as its Co-President and Co-Chief Operating Officer in New York. Menu. . Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. 2023 Variety Media, LLC. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. Net Worth in 2022. Learn More on Michael J. Cavanagh's trading history. The largest trade he's ever made was selling 152,557 units of Comcast Corp stock on 3 February 2015 worth over $4,083,951. He is the first executive outside the Roberts family to hold the title. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Comcast reported revenue of $116.4 billion for fiscal year 2021. He is a friend, and I congratulate him on his new role at Comcast., Sign up for THR news straight to your inbox every day. Mike joined Comcast seven years ago as Chief Financial Officer. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. He will remain Chief Financial Officer. This information is according to proxy statements filed for the 2021 fiscal year. Of this total $2,300,000 was received as a salary, $8,625,001 was received as a bonus, $6,315,164 was received in stock options, $10,072,244 was awarded as stock and $44,587 came from other types of compensation. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. For the past seven years Mike has been an incredible leader, partner and friend, Roberts said on the companys quarterly earnings call in late October of Cavanaghs new title. Insiders at Comcast own 1.1% of the company. Michael J. Cavanagh serves as President of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Why? On Friday, Comcast released its executive compensation figures, showing the company's chief, Brian Roberts, received $36.2 million, and the new chief financial officer, Michael J. Cavanagh,. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. The Brian Roberts-led Comcast. Mr. Cavanagh owns over 53,400 units of Comcast Corp stock worth over $3,615,711 and over the last 10 years he sold CMCSA stock worth over $4,083,951. He was the Co-CEO of JPMorgan Chase & Co.'s Corporate & Investment Bank from 2012 to 2014, a business that was a global leader in its industry with over $30 billion in revenue and more than 50,000 employees located in over 50 countries. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. He also served as JPMorgan Chases CFO for six years and held a number of positions within the company and its predecessor firms including CEO of the firms Treasury & Securities Services division. Hes an outstanding partner, and together we are focused on continuing to create new and exciting opportunities for growth., Said Cavanagh: Its an honor to work with Brian to lead this great company. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. He was the Co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014, a global leader in its industry with over $30 billion in revenue at the time and more than 60,000 employees working in nearly 100 countries. 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