Member Since. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. 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. 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. from Yale and a J.D. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. Its an honor to work with Brian to lead this great company, Cavanagh added. He was the Co-CEO of JPMorgan Chase's . Cavanagh was raised on Long Island in an Irish-Catholic family. from Yale University and a J.D. Mike will be only the third President in the companys 59-year history. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. Bloomberg Daybreak Asia. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. from the University of Chicago. 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 will continue to act as Comcasts chief financial officer. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Gift this article. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. News Wire Feed Light Reading 10/12/2022. Overnight on Wall Street is daytime in Asia. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. Comcast shares closed at $28.69 Wednesday, up 0.03%. Mike came to Comcast after more than 20 years in the financial services industry. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . October 12, 2022. Mike joined the company seven years ago . Learn More on Comcast's active insiders. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. In addition, at JPMorgan Chase and its predecessor firms, Mike 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. Movies. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. New Comcast CFO says company must avoid complacency [from 2015], wireless competitors offering 5G wireless internet to homes, California residents do not sell my data request. Mike earned a B.A. Comcast announced on Monday that it had hired Michael J. Cavanagh as its chief financial officer, choosing a prominent Wall Street executive to help the company move forward after the. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Dimon said in a statement Wednesday that Cavanagh led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis.. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Comcast said that it had already repurchased $9 billion worth this year. Michael J Cavanagh, Comcast: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Markets China Open Bloomberg Markets: China Open is the definitive. Immediately prior to joining Comcast, he briefly served as co-president and co-chief operating officer of The Carlyle Group, a leading global alternative asset manager.. Menu. We, Yahoo, are part of the Yahoo family of brands. Click Manage settings for more information and to manage your choices. 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. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services Michael J. Cavanagh, President and Chief Financial Officer, Comcast Corporation corporate.comcast.com Cindy Ord/Getty Images Entertainment. He will remain chief financial officer. What Could Elon Musk Possibly Be Thinking? Cavanagh will remain on as CFO, and with this promotion, he will also work closely with Comcast's Chairman and CEO Brian Roberts to manage the . (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. With this promotion, Mike will work closely with Chairman and. Mr. Cavanagh was appointed a successor trustee in 2020. 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. Mike has a broad range of responsibilities, including managing the businesses and teams across the company, overseeing all financial functions, corporate development, strategic planning, and corporate administration. Mike Cavanagh has been Comcast's chief financial officer since 2015. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Michael Cavanaugh is the new voice of the American Rock & Roll Songbook and a charismatic performer and musician made famous for his piano/lead vocals in the Broadway musical Movin' Out.Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man.He appeared in the show for three years with over 1,200 performances and received multiple accolades. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. Mike earned a B.A. Cavanagh, also the companys chief financial officer, has not been appointed to the board. 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. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. Hes an outstanding partner and together we are focused on continuing to create new and exciting opportunities for growth., Cavanagh cited the companys exceptional businesses with world-class executives, naming Sky CEO Dana Strong, Comcast Cable chief Dave Watson and NBCU chief executive Jeff Shell. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. 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. Comcast, the biggest publicly traded company based in Philadelphia with about 8,000 employees downtown, faces new competition in its bread-and-butter broadband business with wireless competitors offering 5G wireless internet to homes. 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. Mike Cavanagh, one of the nation's top banking executives at JPMorgan Chase and now Comcast Corp.'s new chief financial officer, says the Philadelphia company's biggest "enemy" is complacency, hoping that consumer trends won't change and that Comcast remains the big cable company. They sold a total of 7,602,130 shares worth more than $22,410,930.47. Subscribe for full access to The Hollywood Reporter. 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. This information is according to proxy statements filed for the 2021 fiscal year. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. 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Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. With his leadership, the company has expanded its reach significantly in the US and globally. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. Cavanagh has been finance chief of the media and technology company for the last seven years. Comcast Corporation Promotes Mike Cavanagh to President. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Live market coverage co-anchored from Hong Kong and New York. Net Worth in 2022. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. https://oneofitslegs.org. Comcast can also be reached via phone at (215) 286-1700. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Learn More on Michael J. Cavanagh's salary. Mike Cavanagh is now in his sixties and has no idea how that happened. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. Comcast's insider roster includes Kenneth Bacon (Director), Kenneth Bacon (Director), Stephen Burke (EVP), Michael Cavanagh (Sr. EVP & CFO ), David Cohen (EVP), Maritza Montiel (Director), Daniel Murdock (CAO), Brian Roberts (CEO), Jeff Shell (CEO), Neil Smit (EVP), and David Watson (CEO). Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". Mike Cavanagh, Senior Executive Vice President & Chief Financial Officer, and APA Executive Champion, shares his thoughts on why it's important to be open when receiving feedback. Memoir, Humor and Comedy, Romance. 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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. 2023 Variety Media, LLC. Cavanagh said in a statement that he looks forward to working together to shape the bright future of Comcast. He was compensated $27.4 million last year. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. June 2016. edit data. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. Comcast Corporation today announced that Mike Cavanagh has been named President. 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. 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. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. Comcast named Michael J. Cavanagh as its chief financial officer Monday. Insiders at Comcast own 1.1% of the company. 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. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. The company was founded in 1963 and is headquartered in Philadelphia, PA. All Rights Reserved. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. We have exceptional businesses with world-class executives in (Sky CEO) Dana (Strong), (Comcast Cable CEO) Dave (Watson) and (NBCUniversal CEO) Jeff (Shell), and Im proud to call them my partners. Comcast chief financial officer Mike Cavanagh said the conglom was "pleased" with the weekend PVOD debut of Pete Davidson-starrer The King Of Staten Island - its latest film to go direc Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, It also provides communications services, including residential high-speed internet, phone, and wireless services. I look forward to working together to shape the bright future of Comcast.. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . Awesome wife and daughter. Immediately prior to joining Comcast, he briefly served as Co-President and Co-Chief Operating Officer of The Carlyle Group, a leading global alternative asset manager. All Rights Reserved. In the last twelve months, insiders at the cable giant sold shares 8 times. He will remain Chief Financial Officer. October 12, 2022. in News. . Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. According to a filing with the Securities & Exchange Commission, the deal calls for Cavanagh to receive an annual base salary of $2.5 million, effective March 1, 2023. 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. BREAKING: Tiny biotech successfully treats blindness. The most recent stock trade was executed by Jason Armstrong on 14 February 2023, trading 9,726 units of CMCSA stock currently worth $361,515. Mike Cavanagh - @cjetnut. Mike came to Comcast after more than 20 years in the financial services industry. He is also a member of the firm's Operating Committee and Executive Committee. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. 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Mike Cavanagh is co-CEO of J.P. Morgan's Corporate & Investment Bank, an industry leader in investment banking, trading markets and investor services such as cash management, clearing and prime brokerage. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Learn More on Michael J. Cavanagh's contact information. Variety is a part of Penske Media Corporation. Cavanagh earned a B.A. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. We hope you'll join us in welcoming them to the board and The Rosenbach community. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. 2023 The Hollywood Reporter, LLC. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. Comcast CFO Mike Cavanagh will take on the additional role of president. 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. The global economy also faces a potential recession. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. With this promotion, Mike will work closely with . 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. Oct. 12, 2022, 08:24 AM. Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of President, making him the the third in the company's 59-year history. 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. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Why? Chart Data in Insider Trading History Table. TV Shows. Comcast Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Variety and the Flying V logos are trademarks of Variety Media, LLC. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. Ralph Roberts, one of a troika that founded the cable-TV company in the 1960s (and who died in 2015), and his son, Brian, 62, who is chief executive officer and chairman, were the only prior presidents in the companys history, Comcast said. Comcast Corp. ( CMCSA ) announced the appointment of Mike Cavanagh ( i on! Joined Comcast in 2015 after spending more than 20 years in the financial industry! Was appointed a successor trustee in 2020 that it had already repurchased $ billion. 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