I just came across an on-line article in Philly.com about the 20% decrease that Comcast Corp.'s CEO, Brian L. Roberts compensation for his services fell to $20.8 million in 2007. Don't expect me to be crying a river anytime soon for Mr. Roberts loss of income. Imagine if his yearly compensation with stock options, bonuses and all the othe perks that CEO's are given fell to a mere say $500,000 a year then I might consider that to be noteworthy although I can honestly say I still wouldn't shed any tears.
If Mr. Roberts or any of the other overpayed management running Comcast: Mr.Michael Angelakis CFO - $20.5 million, Mr. Stephen Burke COO - $16.9 million and David Cohen executive V.P. - $7.4 million to name a few took even a small percentage of a pay cut from their posted 2007 salaries and had that money applied to reduce the rates of Comcast subscribers then that would definitely be newsworthy.
