Let’s talk about Mike Cavanagh.
While employees are being told to believe in Comcast’s future, let’s take a look at how well that future is working out for Mike Cavanagh.
Mike received $71.8 million in reported compensation for 2025, more than double what Brian Roberts received. That’s a 154% increase from the previous year.
And then there are the stock sales:
- January 2024: $5.29 million
- November 2024: $5.66 million
- February 11, 2026: $1.89 million
That’s nearly $13 million in gross stock-sale proceeds across those transactions. His most recent reported sale came just over four months before Comcast announced the massive NBCUniversal/Sky separation. And now he’s positioned to become CEO of the newly independent NBCUniversal.
Of course, executives are entitled to sell stock. These were disclosed transactions, including option-related sales, and the timing alone doesn’t establish wrongdoing. But the optics are hard to ignore. We’re supposed to believe in Comcast, trust the transformation, return to the office, and prove our commitment while watching our colleagues lose their jobs, career opportunities disappear, and shareholder value erode.
Meanwhile, the executives responsible for the company’s direction are collecting extraordinary compensation, cashing in millions in stock, and lining themselves up for the next big payday.
So let me get this straight. Mike gets $71.8 million, nearly $13 million in stock-sale proceeds, and another CEO position. Employees get layoffs, uncertainty, and a lecture about commitment? At what point do we stop calling this a transformation and start asking who it’s actually benefiting?
Because from where employees are sitting, it sure looks like the company is being dismantled while the people at the top continue to line their pockets.
Maybe the problem isn’t that employees no longer believe in Comcast. Maybe it’s that leadership keeps giving us reasons not to.