Michael J. Angelakis, the top financial executive at Comcast Corp. and the person who negotiated the NBC Universal Inc. transaction in 2009 and the rights to televise the Olympics from 2014 to 2020, has been elevated to vice chairman at the giant media, Internet, and cable-distribution company.
The new agreement extends Angelakis' employment through June 2016 and includes two signing bonuses with a combined value of $4.25 million to be paid "as soon as practicable" after Jan. 1. His new title is chief financial officer and vice chairman.
Comcast said in a corporate filing that the new employment agreement does not include any boost in Angelakis' base salary or cash bonus opportunity. The executive earned $22.9 million in total compensation in 2010, according to Comcast's latest proxy statement, filed in May.