Thursday, July 26, 2012

The Son Also Rises

There are many advantages of having your own father as a co-founder of a large company. If you join you can have the fast-track way to reaching the top post. This big advantage is also a major disadvantage as people view that you’ve reached the top more on connections than actual performance. There is also the inevitable comparison with the father if he is as good.

The only way to counter this is to prove your detractors wrong by performing well on the job. This is what Brian L. Roberts seems to have done. There have been news about his large compensations but there’s hardly any mention that his not fit for the job.

Roberts is the chairman and CEO of Comcast Corporation which was co-founded by his father Ralph. This is one of the major cable companies in the U.S. that also provides entertainment, communications and product services. Under Roberts stewardship Comcast became a Fortune 100 company. Comcast is the county’s largest video provider, largest internet provider, and fourth largest phone company.

Comcast majority owns and manages NBCUniversal, which has broadcast networks, local television stations, theme parks, and a major motion picture company. The company is also the majority owner of Comcast-Spectator that in turn has major holdings in the Philadelphia Flyers NHL hockey team and the Wells Fargo Center.

Roberts is a member of the Business Roundtable, a CEO only group in Washington, D.C. and serves on the President’s Council on Jobs and Competitiveness. He has a B.S. from the Wharton School of Finance at the University of Pennsylvania. Like his father he’s making his own major mark in the world of business.

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