COMCAST officials planned to donate salaries to coronavirus-related relief efforts
Senior Comcast officials announced Wednesday that they planned to donate their salaries to coronavirus-related relief efforts.
Comcast chief Brian Roberts said in a memo obtained by The Hill that he, NBCUniversal CEO Jeff Shell, senior executive vice president and CFO Mike Cavanagh, Comcast Cable CEO David Watson and Sky CEO Jeremy Darroch would donate 100 percent of their salaries to charities backing coronavirus relief.
“We hope in some small way we can make this time easier on our employees, our local communities and our customers,” Roberts said in the memo to employees.
Roberts also committed $500 million go toward supporting employees “where operations have been paused or impacted.”
Comcast’s broadband usage has increased as more Americans are being instructed to stay at home through executive orders by governors, CNBC reported.
The company is expected to experience a downturn overall because of decreased global advertising spending and temporarily shutting down Universal theme parks. The 2020 Olympics delay postpones revenue expected for NBCUniversal, the only provider with broadcast rights during the Olympics.