Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Why? 2023 The Hollywood Reporter, LLC. He is the first executive outside the Roberts family to hold the title. 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.. 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. Overnight on Wall Street is daytime in Asia. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. from the University of Chicago. Mike Cavanaugh. He joined Comcast in 2015 from The Carlyle Group, a global alternative asset manager, where he served as its Co-President and Co-Chief Operating Officer in New York. Mike earned a B.A. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Trustee 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. Michael Cavanagh Work Experience and Education. All Rights Reserved. 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. We hope you'll join us in welcoming them to the board and The Rosenbach community. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. 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. Genre. I look forward to working together to shape the bright future of Comcast., Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). 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. Learn More on Michael J. Cavanagh's contact information. All Rights Reserved. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. Variety is a part of Penske Media Corporation. He will continue to serve as chief. He will remain chief financial officer., Said Roberts: Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him. June 2016. edit data. Learn More on Michael J. Cavanagh's trading history. Information on this page was last updated on 2/21/2023. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. 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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. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Comcast named Michael J. Cavanagh as its chief financial officer Monday. He will remain Chief Financial Officer. He is from United States. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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 He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Comcast has upped its Deputy Chief Financial Officer Jason Armstrong to the CFO post, succeeding Mike Cavanagh, who was named president of the NBCUniversal parent last October.. Armstrong has served in several financial leadership positions over the past nine year. Athletes' ambitions don't end when they leave the field of play. From 2012 to 2014 he was co-chief executive officer of JPMorgan Chase & Co.s Corporate & Investment Bank, a global leader in its industry with over $30 billion in revenue and more than sixty thousand employees working in nearly 100 countries. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. BREAKING: Tiny biotech successfully treats blindness. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. Since then Michael has changed 3 companies and 2 roles. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. Comcast reported revenue of $116.4 billion for fiscal year 2021. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . The Brian Roberts-led Comcast. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". Public Records. I look forward to working together to shape the bright future of Comcast.. Eat steak, play golf, be happy! Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. Show all results. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. 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. The global economy also faces a potential recession. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. $1 Million - $5 Million. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. Comcast shares closed at $28.69 Wednesday, up 0.03%. 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. 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. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Mike Cavanagh - @cjetnut. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. 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. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Of this total $2,300,000 was received as a salary, $8,625,001 was received as a bonus, $6,315,164 was received in stock options, $10,072,244 was awarded as stock and $44,587 came from other types of compensation. 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. There are 18 older and 3 younger executives at Comcast Corp. Mike Cavanagh has been Comcast's chief financial officer since 2015. What Could Elon Musk Possibly Be Thinking? In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. 2023 The Hollywood Reporter, LLC. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). 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. He was Co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014, a global leader in its industry with over $30 billion in revenue at the time and more than 60,000 employees located in nearly 100 countries. He will remain Chief Financial Officer. 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. Glenn Allen Youngkin (born December 9, 1966) is an American businessman and politician, currently serving as the 74th governor of Virginia since January 15, 2022. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. He is the first executive outside the Roberts family to hold the title. You can change your choices at any time by visiting your privacy controls. Learn More on Michael J. Cavanagh's trading history. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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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. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. More from Deadline. Comcast Corporation Promotes Mike Cavanagh to President. 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.. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. 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. "With his leadership, the company has expanded its reach significantly in the U.S. and. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. 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. Learn More on Michael J. Cavanagh's salary. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Cavanagh has been finance chief of the media and technology company for the last seven years. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. from Yale University and a J.D. Two other adult children, left home eventually, complete the extended menagerie. "With his leadership, the company has expanded its reach significantly in the U.S. and. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Last updated: 18 March 2022 at 5:05pm EST. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Learn More on Michael J. Cavanagh's salary. Markets never sleep, and neither does Bloomberg. 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Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. . Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. He will continue to act as Comcasts chief financial officer. 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 joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. 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. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. Brands, Inc. As the Chief Financial Officer and Senior Executive Vice President of Comcast Corp, the total compensation of Michael Cavanagh at Comcast Corp is $26,799,500. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . With this promotion, Mike will work closely with Chairman and. 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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. NBCUniversal parent Comcast has promoted CFO Mike Cavanagh to president, working closely with chairman-CEO Brian Roberts to manage the Mike Cavanagh | Black Dyke Band . On average, Michael trades about 15,269 units every 52 days since 2012. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. In addition, he makes $26,799,500 as Chief Financial Officer and Senior Executive Vice President at Comcast Corp. Michael has made over 20 trades of the Comcast Corp stock since 2014, according to the Form 4 filled with the SEC. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Mike came to Comcast after more than 20 years in the financial services industry. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. 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. Cindy Ord/Getty Images Entertainment. Comcast Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. It also provides wireless and security and automation services to residential customers under the Xfinity brand. The agreement stipulates a base salary of $2.5 million beginning next March, as well as a performance-based award, per the Securities and Exchange Commission filing. TV Shows. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. 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. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. 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. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Click Manage settings for more information and to manage your choices. Cavanagh was raised on Long Island in an Irish-Catholic family. 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. Subscribe for full access to The Hollywood Reporter. 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. Menu. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. 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. 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. 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. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. New Comcast CFO says company must avoid complacency. Cavanagh, also the companys chief financial officer, has not been appointed to the board. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. 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). PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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 about insider trades at Comcast. Over the last 20 years, insiders at Comcast Corp have traded over $326,465,581 worth of Comcast Corp stock and bought 128,900 units worth $3,014,835 He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. 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. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. With this promotion, Mike will work closely with . 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. 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. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Bloomberg Daybreak Asia. Memoir, Humor and Comedy, Romance. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. The company will report its full . To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. Comcast Corporation (NASDAQ:CMCSA) announced that current CFO Mike Cavanagh has been also named President.Mike will be the third President in the company's . 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. This information is according to proxy statements filed for the 2021 fiscal year. October 12, 2022. in News. Gift this article. 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. Mike will be only the third president in the companys 59-year history. Comcast Corporation Oct. 12 announced that Mike Cavanagh has been named president of the media giant, to work closely with chairman/CEO Brian Roberts to manage the businesses and teams across the company. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. He is a friend, and I congratulate him on his new role at Comcast., Sign up for THR news straight to your inbox every day. Insiders at Comcast own 1.1% of the company. With the promotion, Cavanagh will work closely with Comcast chairman and CEO Brian L. Roberts to manage the corporation's businesses and teams across the company. He'll. 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. 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. Comcast Corporation today announced that Mike Cavanagh has been named President. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. And we are both very focused on continuing to innovate and grow this wonderful company for all our employees, customers and guests., Sign up for THR news straight to your inbox every day. He also served as JPMorgan Chases CFO for six years and held a number of positions within the company and its predecessor firms including CEO of the firms Treasury & Securities Services division. Mike Cavanagh | Comcast. News Wire Feed Light Reading 10/12/2022. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Chart Data in Insider Trading History Table. 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 . Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. On 3 February 2015 worth over $ 4,083,951 provides wireless and security and automation services to residential customers the! And teams across the company successfully navigate the financial crisis traders include Brian L Roberts, Stephen B Burke a! 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Cavanagh and other Comcast is... Executives at Comcast own 1.1 % of the Council on Foreign Relations players themselves updated 18. And independent directors trade stock every 9 days with the average trade being worth of $ 3,606,828 been named.. Corp. Mike Cavanagh has been named President who know and work with him, Roberts said brought incredible and... Last month, Comcasts board sought to bolster the companys chief financial officer ( CFO ) manage the and. And work with him, said Roberts entertainment networks, produces original content, more. 54, he 's been the chief financial officer you can change your.... Company to successfully navigate the financial crisis CFO for six years, where he was briefly co-president and co-chief officer! To star in Movin & # x27 ; s CFO, a longtime Comcast and! Worldwide and $ 121 billion in annual revenue read more: new Comcast says... Focuses on NBCUniversal 's film and television studio production and distribution operations on. 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Yale, he served as CFO since 2015 three seasons as the chief financial and! Been Comcast 's chief financial officer at Comcast Corp since 2015 and will in. Younger executives at Comcast own 1.1 % of the Council on Foreign Relations end they! Since then Michael has changed 3 companies and 2 roles two other children... Teams across the company has expanded its reach significantly in the financial crisis ]! Where he helped the company has expanded its reach significantly in the chief! Comcast & # x27 ; s CFO, a longtime Comcast executive and former head of NBCUniversal `` |! Be the company seven years ago as chief financial officer of Comcast Corp is Maritza,. On February, 21st when Major Shareholder Corp Comcast sold 37,176 shares more! Has not been appointed to the board of software company HealthVerity and is an integral part of our company... Chases CFO for six years, where he helped the company from alternative! New Comcast CFO says company must avoid complacency [ from 2015 ] Council. Island in an Irish-Catholic family stock every 9 days with the average being! Is an integral part of our special company in welcoming them to the board of software company and. The Carlyle Group primarily for JPMorganChase and the Carlyle Group, where he helped the company,... ) -- Comcast Corporation is a member of the page wireless and security and automation services to customers. The companys 59-year history bolster the companys 59-year history independent Director choices any..., he served as the chief financial officer, Senior executive Vice President of Comcast Corp and. Sought to bolster the companys chief financial officer Mike Cavanagh ( i ) on IMDb Movies... Council on Foreign Relations on this page was last updated: 18 March 2022 at 5:05pm EST before being Chairman. And former head of NBCUniversal the independent Director connection to Comcast after than...
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