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Steve Burke (businessman)

From Wikipedia, the free encyclopedia
American businessman (born 1958)
Steve Burke
Steve Burke when he was Comcast COO in 2008
Born (1958-08-14)August 14, 1958 (age 67)
EducationColgate University (BA)
Harvard University (MBA)
Occupations
Board member ofBerkshire Hathaway Inc.
J.P. Morgan Chase & Co.
Children's Hospital of Philadelphia
RelativesDaniel Burke (father)
James E. Burke (uncle)

Stephen B. Burke (born August 14, 1958) is an American businessman. He is the senior executive vice president ofComcast and chairman ofNBCUniversal.[1][2]

Early life

[edit]

Steve Burke's father,Daniel Burke, was a former executive ofCapital Cities Communications, which acquired theABC network.[3] Steve Burke graduated fromColgate University in 1980.[4] In 1982, Burke graduated fromHarvard Business School with anMBA.[4]

Career

[edit]

Burke began his career as an associate product manager in the breakfast food division at General Foods.[5] In January 1986, Burke joinedThe Walt Disney Company and founded the Disney Store concept for the consumer product division.[3] From 1992 to 1996, Burke served as president and COO of Euro Disney.[4] In 1996, Burke was named executive vice president of ABC after the Walt Disney Company purchased the network.[6] The following year, Burke was named President ofABC Broadcasting.[7]

In 1998, Burke left Disney and became President ofComcast Cable.[8] In 2004, he was named Chief Operating Officer of Comcast Cable, in addition to his title of President.[9] In 2010, it was announced that Burke would become CEO of NBCUniversal after Comcast and General Electric completed a merger.[10] When Comcast andGeneral Electric finished merging the assets of NBCUniversal with Comcast's programming assets the following year, Burke resigned his position as COO of Comcast before becoming CEO ofNBCUniversal.[11]

In 2018, Burke led Comcast's acquisition of British pay-TV company,Sky, afterdropping out of the bidding war with Disney to purchase21st Century Fox.[12] In January 2019, Burke announced plans for NBCUniversal to launch a streaming service, later namedPeacock, in 2020 using Sky's existing OTT video platform.[13] Burke was succeeded as CEO of NBCUniversal byJeff Shell in 2020 but remained as chairman of the company's board of directors.[14]

As of 2009, Burke has served on the Board of Directors ofWarren Buffett'sBerkshire Hathaway andJPMorgan Chase.[15] He has also served on the board of trustees of theChildren's Hospital of Philadelphia.[16]

As of 2021, Burke became a board member foronX Maps out of Missoula, Montana. Following being appointed to the onXmaps board, he made a major investment in onXmaps through his family's investment company Madison Valley Partners.[17]

Personal life

[edit]

Steve Burke married his wife, Gretchen (née Hoadley) on July 23, 1983 and together they have five children.[5][18] Burke has homes in New York City, Los Angeles and Rancho Cordova.[19]

References

[edit]
  1. ^U.S. Public Records Index Vol 2 (Provo, UT: Ancestry.com Operations, Inc.), 2010.
  2. ^Burke replaces Zucker
  3. ^abArango, Tim; Carter, Bill (January 26, 2011)."A Little Less Drama at NBC".The New York Times. RetrievedMay 22, 2011.
  4. ^abc"Ex-Disney Exec Burke Knows His New Prey".Los Angeles Times. 2004-02-12.ISSN 0458-3035. Retrieved2019-04-22.
  5. ^ab"Miss Hoadley Is Wed To Stephen B. Burke".The New York Times. 1983-07-24.ISSN 0362-4331. Retrieved2019-05-01.
  6. ^"Burke Named President of ABC's Broadcasting Unit".Los Angeles Times. 1997-04-23.ISSN 0458-3035. Retrieved2019-04-22.
  7. ^Fabrikant, Geraldine (2003-03-17)."TECHNOLOGY; Comcast's Second-Generation No. 2".The New York Times.ISSN 0362-4331. Retrieved2019-04-22.
  8. ^Rose, Lacey."The Man Who Will Run NBC".Forbes. Retrieved2019-04-22.
  9. ^"Comcast Unit President Adds Title of COO".Los Angeles Times. 2004-07-07.ISSN 0458-3035. Retrieved2019-04-22.
  10. ^Roberts, Johnnie L. (2010-09-26)."Steve Burke Replacing Zucker Atop NBCU".TheWrap. Retrieved2019-05-01.
  11. ^"NBC Universal chief Burke resigns as Comcast COO".Reuters. 2011-01-31. Retrieved2019-04-22.
  12. ^Lang, Brent (2018-03-01)."Steve Burke on Comcast's Surprise Sky Bid, Fox-Disney Deal".Variety. Retrieved2019-05-01.
  13. ^Littleton, Cynthia (2019-01-14)."Steve Burke on NBCU's Streaming Plans, Fate of Hulu Stake and Winnowing His Direct Reports (EXCLUSIVE)".Variety. Retrieved2019-05-01.
  14. ^Abbruzzese, Jason; Byers, Dylan (16 December 2019)."Steve Burke to step down as CEO of NBCUniversal".NBC News. Retrieved14 June 2024.
  15. ^Dealbook (23 December 2009)."Buffett Broadens Berkshire Board With Burke".DealBook. Retrieved2019-05-01.
  16. ^Dreier, Peter (2014-01-26)."Meet the People Who Gave JPMorgan's Jamie Dimon an $8.5 Million Raise".HuffPost. Retrieved2019-05-01.
  17. ^Erickson, David (4 October 2022)."Missoula tech company onX lands record $87M in venture capital".missoulian.com. Retrieved2022-10-10.
  18. ^Kafka, Peter (2016-09-15)."NBCUniversal boss Steve Burke can't get his millennial kids to pay for TV".Vox. Retrieved2019-05-01.
  19. ^David, Mark (2015-06-09)."NBCU's Steve Burke Buys Big In Pacific Palisades".Variety. Retrieved2019-05-01.
Business positions
Preceded by CEO ofNBC
2011-2019
Succeeded by
A division ofComcast
Predecessors
Executives
Studio Group
Universal Filmed
Entertainment Group
Universal
Studio Group
Destinations
& Experiences Group
United States
International
Media Group
Television networks
Streaming
NBC
Sports Group
International
Networks
A division ofNBCUniversal
Asia
Australia & New Zealand
Europe, Middle East
and Africa
Latin America & Brazil
Canada (licensed)
Defunct
Other assets
Telemundo Enterprises
Local Group
O&Os
NBC Owned
TV Stations
Telemundo
Station Group
Other units
News Group
Main divisions
Former/defunct
properties
Related
Divisions
Notable
executives
current
former
Board of
directors
Historical
components
Buildings
CEOs ofNBC
CEOs ofNBCUniversal
Presidents of NBC
NBC West Coast presidents
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