Performance management practices in Comcast

performance management practices in Comcast

Introduction

Comcast corporation (formerly registered as Comcast holdings) is an american telecommunication conglomerate headquarter in Philadelphia,Pennsylvanian.It is the second largest broadcasting and cable television company in the world by revenue and the largest pay-TV company,the largest cable TV company and largest home internet service provider in the united states,and the nation third largest home telephone service provider.

financial performance

The book value of a company nearly doubled from $8.19 a share in 1999 to $15 a share in 2009.Revenue grew sixford from 1999$6 billion to almost $36 billion in 2009.Net profit margin rose from 4.2% in 1999 to 8.4% in 2009,with operating margins improving 31% and return on equity doubling to 6.7% in the same time span.between 1999 and 2009,return on capital nearly tripled to 7%.Comcast reported first quarter 2012 profit increases of 30% due to increase in high speed internet customers. In February 2014,Comcast generated 1.1 billion in revenue during the first quarter due to the sochi Olympics. As of 2018,Comcast is ranked No.33 on the fortune 500 rankings of the largest united states corporations by total revenue.

philanthropy

Comcast offer low cost internet and cable service to school,subsidized by general broadband consumer through U.S. government E rate program.critics have noted that many of the strongest supporters of Comcast business deals have received substantial funding from the Comcast foundation.

Leadership

Comcast is sometimes described as a family business. Brain L.Roberts,chairman,president.and CEO of Comcast,is the son of founder Ralph J. Roberts.Roberts owns or control about 1% of all Comcast shares but all of the class B super voting power over the company.legal expert Susan p.Crawford has said this given him effective control over Comcast every step.in 2010 he was one of the highest paid executives in the united states with total compensation of about $31 million.






























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