While Wall Street may have divested a quarter of Comcast’s market cap in the first five months of 2018, expressing dissonance towards the cable giant’s M&A plans, the top executive pulling the controversial strings remains safe, according to Bloomberg.
In fact, examining Comcast’s unique articles of incorporation, the news service determined that Brian Roberts is the company’s “CEO for life”—or at least until he decides to stop down.
“Roberts, the son of Ralph Roberts, who founded Comcast 55 years ago, is no ordinary chairman and CEO,” Bloomberg writer Tara Lachapelle concluded. “He’s ingrained in the company—and I mean really, truly, legally ingrained. Check out this section of Comcast’s articles of incorporation.”
Read all about it here.