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Brian L. Roberts

From Wikipedia, the free encyclopedia
This article is about the CEO. For people with similar names, see Brian Roberts (disambiguation).
Brian Roberts
Born (1959-06-28) June 28, 1959 (age 65)
Philadelphia, Pennsylvania, U.S.
EducationUniversity of Pennsylvania (BS)
OccupationBusinessman
TitleChairman and CEO, Comcast
SpouseAileen Kennedy
Children3
RelativesRalph J. Roberts (father)

Brian L. Roberts (born June 28, 1959) is an American billionaire businessman, and the chairman and CEO of Comcast, an American company providing cable, entertainment, and communications products and services which was founded by his father, Ralph J. Roberts.

Early life and education

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Roberts was born into a Jewish family in Philadelphia, Pennsylvania, the son of Ralph J. Roberts, the founder of Comcast Corporation, and Suzanne (née Fleisher), a former actress and playwright.[1][2] His maternal grandfather, Alfred W. Fleisher, was a real estate investor and philanthropist who supported prison reform. Roberts graduated from Germantown Academy and earned a Bachelor of Science degree from the University of Pennsylvania in 1981, and immediately began working for Comcast.[3]

Career

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Roberts is chairman and CEO of Comcast Corporation.[4] He was named President of Comcast Corporation in 1990 at 31 years of age when the company had $657 million in annual revenue. Comcast Corporation's annual revenue has since grown to $94.5 billion.[5]

Roberts is chairman of the board of directors of the National Cable & Telecommunications Association (NCTA), and a former treasurer.[6] Roberts served as Chairman of NCTA from 1995 to 1996, when the landmark deregulatory 1996 Telecommunications Act became law.[7]

In 2000, Roberts acquired AT&T Broadband for $53.2 billion in stock and assumed debt. The deal allowed Comcast to become the largest cable operator in the world. In 2009, NBCUniversal was also acquired by Comcast.[8]

In 2016, Roberts received US$28.6 million in compensation,[9] and in 2020, his net worth was US$1.7 billion.[10] In 2023, Roberts's total compensation at Comcast was $35.5 million, up 11% from the previous year and representing a CEO-to-median worker pay ratio of 398-to-1.[11]

Awards and philanthropy

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Institutional Investor Magazine named Roberts as its top vote-getter for three years in a row (2004–06) in the Cable & Satellite category of their America's Best CEOs annual survey; and named Comcast as one of America's Most Shareholder-Friendly Companies in 2006.[12]

Roberts was the recipient of the 1994 Golden Plate Award of the American Academy of Achievement,[13] the 2004 Humanitarian Award from the Simon Wiesenthal Center, and was the 2002 Walter Kaitz Foundation Honoree of the Year for his commitment to diversity in the cable industry. The Police Athletic League of Philadelphia honored Roberts with their 2002 award for his commitment to youth programs and community partnerships.[14]

In 2011, Roberts was awarded the USC Shoah Foundation Institute's 2011 Ambassador for Humanity Award.[15]

The Aileen K. and Brian L. Roberts Foundation was one of the largest contributors to the restoration of the Alfred W. Fleisher Memorial Synagogue at Eastern State Penitentiary in Philadelphia, named in the honor of his maternal grandfather.[16]

Maccabiah Games

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An All-American squash player, Roberts competed in the Maccabiah Games in Israel, earning a gold medal with the U.S. squash team in the 2005 Maccabiah Games, and silver medals in the 1981 Maccabiah Games, the 1985 Maccabiah Games, the 1997 Maccabiah Games, and the 2009 Maccabiah Games.[14][17] On October 21, 2012, Roberts was honored by Maccabi USA as a 'Legend of the Maccabiah.'[18]

Politics

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Roberts was a founding co-chair of Philadelphia 2000, the nonpartisan host committee for the 2000 Republican National Convention. The Pennsylvania Report named Roberts to the 2003 "The Pennsylvania Report Power 75" list of influential figures in Pennsylvania politics, calling him "Pennsylvania’s most powerful businessman", and noted his influence with Pennsylvania Governor Ed Rendell.[19]

In 2003, Roberts was named to the PoliticsPA list of politically influential individuals.[20]

In December 2009, Roberts wrote a letter to President Barack Obama, endorsing the Patient Protection and Affordable Care Act.[21]

Roberts has donated $90,600 to Democratic candidates/PACs, and $70,300 to Republican candidates/PACs. He has not donated to any political party or candidate since 2012. [22]

Brian L. Roberts with his father Ralph J. Roberts, founder of Comcast, at their Philadelphia headquarters in 1999

Personal life

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Roberts and his wife, Aileen Kennedy Roberts, live in Philadelphia and have three children. Aileen is the chair of the Barnes Foundation.[23][24]

In 2010, Roberts, along with his brother Douglas and his father, presented his mother a Women's Image Network Awards Lifetime Achievement Award.[25][26]

Roberts owns a 48 ft sloop and a 65 ft sloop, both designed by Sparkman & Stephens and named Aileen after his wife, which he sails while on vacation in his seasonal home on Wildwood, NJ.[27]

Roberts's son Tucker was appointed president of Overwatch League eSports team Philadelphia Fusion in January 2018,[28] after Comcast and its sporting arm Comcast Spectacor paid a reported $20 million in franchise fees to participate in that league.[29]

References

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  1. ^ Kellie Patrick Gates (February 14, 2013). "Love: Suzanne (Fleisher) Roberts & Ralph J. Roberts". The Philadelphia Inquirer. Archived from the original on June 30, 2013.
  2. ^ GuttmanMarch 2, Nathan; Images, 2014getty (2 March 2014). "Brian Roberts' Jewish Roots and Outsized Ambition Drive Comcast's Rise in Media". The Forward. Retrieved 2020-02-18.{{cite web}}: CS1 maint: numeric names: authors list (link)
  3. ^ Philadelphia Inquirer: "A continual spotlight awaits a 'very private' Brian Roberts AT&T deal catapults Comcast's chief to the industry forefront" By Benjamin Y. Lowe December 21, 2001
  4. ^ Comcast Corporation Website: "Brian L. Roberts, Chairman and CEO, Comcast Corporation", comcast.com; retrieved February 12, 2014
  5. ^ "Comcast Biography of Mr. Brian L. Roberts". Retrieved 18 March 2019.
  6. ^ "U.S. Cable Industry Launches 'Take Control. It's Easy' Campaign to Help Parents Manage Their Family's TV Viewing" Archived 2015-06-20 at the Wayback Machine April 26, 2005
  7. ^ "Brian Roberts". The White House. Retrieved 2024-07-16.
  8. ^ March, Staff Writer 20 November 201820 (2018-11-20). "Bold Leader Spotlight: Brian L. Roberts, CEO Comcast NBCUniversal". Bold Business. Retrieved 2020-04-13.{{cite web}}: CS1 maint: numeric names: authors list (link)
  9. ^ "Comcast - Mr. Brian L. Roberts Compensation". Retrieved 13 January 2018.
  10. ^ "Forbes profile: Brian Roberts". Forbes profile. Retrieved 21 June 2021.
  11. ^ "Equilar 100: CEO Pay at the Largest Companies by Revenue". Equilar. 2024-06-07. Archived from the original on 2024-08-15. Retrieved 2024-08-31.
  12. ^ "Brian Roberts". The White House. Retrieved 2024-07-16.
  13. ^ "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
  14. ^ a b "Brian L. Roberts" (Press release). Retrieved April 21, 2012.
  15. ^ Michael Elkin Jewish Exponent: "Shoah Salute: Personal Meaning for Comcast CEO", jewishexponent.com, May 4, 2011; accessed June 20, 2015.
  16. ^ Eastern State Penitentiary: "Funders for the Synagogue Restoration" Archived 2016-04-18 at the Wayback Machine, easternstate.org; retrieved February 19, 2014.
  17. ^ Michael Elkin "Shoah Salute: Personal Meaning for Comcast CEO" Archived 2016-04-19 at the Wayback Machine, jewishexponent.com, May 4, 2011; accessed June 20, 2015.
  18. ^ Maccabi USA: "2012 Legends of Maccabiah" Archived 2014-12-21 at the Wayback Machine; retrieved December 20, 2014.
  19. ^ "The PA Report 'Power 75' List" (PDF). Pennsylvania Report. Capital Growth, Inc. January 31, 2003. Archived from the original (PDF) on 2006-09-20.
  20. ^ "Power 50". PoliticsPA. The Publius Group. 2003. Archived from the original on 2004-04-17.
  21. ^ "Roberts endorses PPACA". Politico. 2009. Archived from the original on 2015-07-02.
  22. ^ "ROBERTS, BRIAN L". OpenSecrets. Retrieved March 19, 2024.
  23. ^ Aileen Kennedy Roberts profile, businessweek.com; retrieved July 8, 2012.
  24. ^ "Philadelphia Award 2012 - Joseph Neubauer and Aileen Roberts were honored for their work on the new Barnes", phillymag,com, May 31, 2012
  25. ^ "Brian, Doug & Ralph Roberts Presenting Suzanne Roberts Lifetime Achievement Honor". YouTube.com. 6 March 2011. Retrieved 28 February 2017.[dead YouTube link]
  26. ^ Rifkin, Glenn (19 June 2015). "Ralph Roberts, Cable TV Pioneer Who Built Comcast, Dies at 95". The New York Times, USA. Retrieved 28 February 2017.
  27. ^ Myrick, Steve (2015-06-18), "Embracing a Fellowship of the Wind", Vineyard Gazette
  28. ^ "Comcast CEO's son and gamer, Tucker Roberts, to head company-owned esports team". The Philadelphia Inquirer. Retrieved 2018-07-30.
  29. ^ "Blizzard locks in two more $20 million Overwatch League spots". ESPN.com. Retrieved 2018-07-30.
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