Darroch makes £37m on Comcast deal
October 16, 2018
Sky’s CEO, Jeremy Darroch, has made £37 million (€42m) following Comcast’s £30 billion takeover of the satellite broadcaster.
The bidding war between Comcast and Rupert Murdoch’s 21st Century Fox meant a near-doubling of Sky’s stock market value in the last year, fuelling the bumper pay day for Darroch and the CFO Andrew Griffith.
Sky said that Darroch, who has run Sky since December 2007, has now received about £37 million for his shares. Griffith has received about £17 million. Comcast’s takeover of Sky includes buying out the personal stakes and various investment and share schemes that Darroch and Griffith have with the company.