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Comcast Shareholders mtg brodcast on internet May 7
by FFH5 08:41AM Sunday May 04 2003
»www.cmcsk.com/news/20030502-1081···=108185

Comcast Corporation's annual shareholders' meeting will be broadcast live over the Internet on Wednesday, May 7, at 9:00 a.m. Eastern Time (ET).

The meeting can be accessed on the Company's Investor Relations websites at »www.cmcsa.com/ or »www.cmcsk.com/. An on-demand replay of the meeting will be available starting at 12:30 p.m. (ET) on Wednesday, May 7.

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newview
Ex .. Ex .. Exactly
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Parsonsburg, MD
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Be sure to tune in . . . if you can

I'll definitely be tuning in . . . if nothing else but to see if Comcast's network is up to the task of delivering the content, and my Comcast connection is up to the task of receiving it.

JTRockville
Data Ho
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join:2002-01-28
Rockville, MD

I'll be watching...

The debate about executive compensation promises to be very entertaining:
Union opposes Comcast executive pay package

newview
Ex .. Ex .. Exactly
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I'll be watching...

I wonder if they'll bring up the 8% stock slide since Verizon announced the DSL price cut?

»www.fool.com/News/mft/2003/mft03050605.htm

JTRockville
Data Ho
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join:2002-01-28
Rockville, MD

Re: I'll be watching...

The Malone/QVC battle could make for some interesting discussion too.
Liberty, Comcast hire advisers to help value QVC

What will shareholders think of Comcast going further into debt? The alternative is to sell their best source of "free cash flow".

JTRockville
Data Ho
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join:2002-01-28
Rockville, MD

Re: I'll be watching...

A speaker for the CWA noted that in spring '02, they met with Comcast, and were assured 'good faith' bargaining would take place. With that assurance, the CWA did not oppose merger. They now feel betrayed.
said by CWA representative (sorry, I didn't get his name):
Workers in Pittsburgh will not be bullied or bribed into giving up our rights.
(snip)
We want a fair contract now.
* cheers from the attendants *

JTRockville
Data Ho
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Rockville, MD

You Have To Provide Name/Email Addy

I've never seen a webcast that made you register before. Why do they want my name/email/company?

* enters totally ficticious information *

JTRockville
Data Ho
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Only Audio?

Why isn't there any video? Just a slide show.

BOOOOOOOOO HISSSSSSSSSSSSSSSS

newview
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Only Audio?

said by JTRockville:
Why isn't there any video?
Simple . . . they don't trust their network.

JTRockville
Data Ho
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Rockville, MD

Re: Only Audio?

It's really ironic to *listen* to them tout their TV broadcast capabilities.

FFH5
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Tavistock NJ
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Slideshow from Shareholders mtg

Here is a link to the presentation slides from the webcast:
»www.cmcsk.com/downloads/030507cmcst.pdf

They are in Adobe Acrobat format(PDF).

FFH5
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Tavistock NJ
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All shareholder proposals were passed

All the shareholder proposals were passed. Very unsurprising.

JTRockville
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Rockville, MD

Re: All shareholder proposals were passed

So.... that means Brian and Mike can nominate the people who are responsible for determining their compensation?

FFH5
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Tavistock NJ
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Re: All shareholder proposals were passed

said by JTRockville:
So.... that means Brian and Mike can nominate the people who are responsible for determining their compensation?
Yes. As part of the merger, the Roberts family basically have a controlling interest in the voting stock for at least 5 years. Shareholder mtgs are merely rubber stamps for what they want.

The only humor in the mtg was that woman with a bad accent telling every one how smart she was and how she only deals with CEO's and no one lower. But by the end of the mtg the other stockholders in attendance were getting really annoyed with her. They even booed her at the end.
--
I found out that all the important lessons of life are contained in the three rules for achieving a perfect golf swing: 1.Keep your head down - 2. Follow through - 3. Be born with money

JTRockville
Data Ho
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Rockville, MD

Re: All shareholder proposals were passed

Evelyn Davis sure was a hoot!

She's got quite a history of such behavior (for lots of different companies). Search google using the keyword:
"evelyn davis" stockholder

JTRockville
Data Ho
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join:2002-01-28
Rockville, MD
said by FFH5:
As part of the merger, the Roberts family basically have a controlling interest in the voting stock for at least 5 years. Shareholder mtgs are merely rubber stamps for what they want.
In addition to voting stock, it seems Comcast plans to do nothing to accommodate the new NASDAQ rule regarding director independence (Nasdaq Refines Director and Committee Rule Proposals). Either they don't have to, or they plan to squeeze through loopholes thereby violating the spirit of the rule. I really couldn't tell which.

mikedz4

join:2003-04-14
Weirton, WV
Reviews:
·Frontier Communi..
·Verizon Online DSL
·Comcast
I am a stockholder of comcast because i am a stockholder of att(actually my parents are as i don't own any stock). But isn't it basically like att was where if there is a major like merger or selloff or buyout taking place you get proxies in the mail as a shareholder and you can either vote your proxy via the internet or send it snail mail? I remember when att bought tci and media one and sold broadband to comcast i had to advise my mom how to vote. Of course i told her to approve the mergers at the time.

JTRockville
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Rockville, MD

Re: All shareholder proposals were passed

Prior to the buyout merger, "the family" controlled the vast majority of the voting stock. So as long as they all agreed, they were guaranteed to get stockholder approval. But now, the merged ex-attbi stockholders have voting stock, so "the family" only controls something like 33% (I think?)

To toss in additional complications, workers are now stockholders. The CWA wasn't very happy with the no-promises-honored Comcast style. That dude from Pittsburgh was downright angry!

mikedz4

join:2003-04-14
Weirton, WV
Reviews:
·Frontier Communi..
·Verizon Online DSL
·Comcast

Re: All shareholder proposals were passed

I know about that. It was in the post-gazette last week. I believe the local cwa union wants to go on strike soon because comcast promised the pittsburgh area so many jobs but instead slashed 1/3 of the jobs here when they merged. So yes the union is basically pissed at comcast right now.
here's a link to the fuss going on right now:
»www.post-gazette.com/pg/03122/181419.stm