Comcast Corp. Chief Executive Brian L. Roberts has extended his tenure at the nation's largest cable company -- for at least another year.
Roberts isn't planning on going anywhere -- despite the seemingly short-term nature of the deal. His father, Ralph Roberts, founded the company a half century ago. What's more, Brian Roberts' employment contract had expired last month, according a filing Wednesday with the Securities and Exchange Commission.
Rather than renegoitiate his entire agreement, Roberts simply amended the pact so that it runs through June 2014. He did not negotiate any other modifications to the existing agreement, the filing said.
This is not the first time Roberts, 54, has extended his agreement beyond its expected expiration. The current agreement took effect Jan. 1, 2005.
Roberts last year received a compensation package from Comcast valued at $29 million, up 8% from 2011.