Former NBCUniversal CEO Jeff Shell Forfeits $43 Million In 2022 Pay After Being Fired For Cause

Katie Couric has spent a good deal of her career getting to know those who walk the power corridors of the media business.

Katie Couric spoke out Wednesday against former NBCUniversal CEO Jeff Shell and the workplace misconduct that led to his ouster in April, calling him “so stupid and reckless.”“Clearly someone in a position of power cannot be involved in a sexual relationship with someone whose fate depends on said person,” Couric said, speaking on Kelly Ripa’s podcast with SiriusXM, “Let’s Talk Off Camera.” “And so that’s why I was just so shocked that Jeff Shell would do this. And what is it? Is it kind of the power dynamic? Are they so surrounded with yes people, they think the rules don’t apply to them?”The lauded journalist and former anchor of NBC’s morning news program, “Today,” added, “It just amazes me that a powerful executive like that would be so dumb, just be so stupid and reckless.

Finally under one roof! Love Is Blind’s Matt Bolton and Colleen Reed are officially moving in together two years after their reality TV wedding.

J. Kim Murphy Bob Chapek, the former Disney CEO who was abruptly ousted from the company last November, is among a group of executives facing a lawsuit claiming violations of securities law for allegedly providing misleading statements and omissions about Disney+ and its subscriber growth. The case, filed by Local 272 Labor Management Pension Fund on May 12 in the U.S. District Court for the Central District of California, also names former Disney executive Kareem Daniel and current CFO Christine McCarthy, as well as the Walt Disney Co. itself, as defendants. The document states that the case seeks a lead plaintiff and judicial determination for a class action suit representing Disney shareholders from Dec. 10, 2020 to Nov. 8, 2022.

exited the company after more than a decade on Friday to serve as the new chief executive officer of Twitter. “So what was more surprising today, being welcomed by a foul mouthed teddy bear or seeing me up here on stage?,” Lazarus told an audience of advertisers during the company’s Upfront presentation on Monday, referencing a raunchy musical opening from Seth MacFarlane’s Ted.

In a potentially seismic change on the eve of the broadcast upfronts, word emerged Thursday evening that NBCUniversal sales chief Linda Yaccarino is reportedly in discussions to become Twitter’s new CEO.

Hadley Gamble, whose complaints led to the firing of ex-NBCUniversal boss Jeff Shell late last month, is leaving CNBC, the network said today.

Brian Steinberg Senior TV Editor Hadley Gamble, a CNBC reporter who ended up as part of the headlines involving the business-news outlet’s corporate parent and the ouster of its most recent CEO, is departing the company herself. “CNBC today announced that Hadley Gamble, Anchor and Senior International Correspondent, is leaving the company,” the network said in a statement. “Gamble has been a distinguished journalist for more than a decade for CNBC, undertaking highly visible and challenging assignments, and developing deep expertise in the Middle East and beyond. Her initiative and drive have secured valuable interviews with several world political leaders. We wish her every success in her future endeavors.”

Jamie Foxx has finally broken his silence after first being hospitalized for a scary “medical complication.”

Two-thirds of Peacock’s 22 million subscribers have watched a recent Universal theatrical film, the NBCUniversal streaming service announced at its NewFronts presentation Tuesday.

Todd Spangler NY Digital Editor Jeff Shell, the former chief executive of NBCUniversal, forfeited stock grants and options worth $43.3 million after he was fired for cause earlier this week, according to a Comcast regulatory filing. Shell was terminated as CEO of NBCU over the past weekend after an internal investigation into his relationship with Hadley Gamble, an international correspondent for CNBC. “As previously disclosed, Mr. Shell’s employment was terminated with cause on April 23, 2023. As a result, he did not receive any supplemental payments or benefits in connection with his termination,” Comcast said in its 2023 proxy statement. “He will receive only his accrued but unpaid base salary and vacation time, vested employee benefits and reimbursement for any unreimbursed business expenses in accordance with his employment agreement.”

Cynthia Littleton Business Editor The first rumblings about Comcast considering a major change involving NBCUniversal started this time last year.Now, in the wake of NBCUniversal CEO Jeff Shell’s abrupt firing, industry speculation about what may be in store for the network-studio conglomerate has gone into what-if overdrive. Maybe NBCU merges with Hulu to become a stand-alone company. Maybe the cable operations of Comcast and the satellite business of the U.K.-based Sky are separated from NBCU.

Brian Steinberg Senior TV Editor Comcast said it managed to boost profit during its fiscal first quarter even as it navigated a dip in media advertising and slowing growth among broadband subscribers, yet boosted U.S. subscribers to its Peacock streaming hub to 22 million. The Philadelphia owner of NBCUniversal, Sky and its large broadband and cable business said profit came to $3.83 billion, or 91 cents per share, compared with $3.55 billion, or 78 cents per share in the year-earlier period. Comcast reported earnings per share of 92 cents after adjusting for one-time items Revenue fell 4% to $29.69 billion, compared with $31.01 billion in the year-earlier period, thanks to comparisons with a quarter in 2022 that contained both the broadcast of the Super Bowl and the Beijing Olympics.

Jeff Shell looked more like a snowy-haired roadie than a VIP as he milled about in the wings of the Sahara Tent ahead of Blink-182’s set at Coachella on April 14. The NBCUniversal CEO had spent the day at the festival with his wife, Laura, in anticipation of the band’s first show in nearly a decade. Later, he took a seat alongside a leather-clad Kourtney Kardashian, whose long-running “Keeping Up With the Kardashians” holds a significant presence in the NBCUniversal spread, with all 20 seasons of the reality show having recently moved from Hulu to Peacock. But Shell wasn’t there on business. He enjoys close ties with the band’s bassist and co-lead vocalist, Mark Hoppus, a friendship forged thanks to their kids attending the same school in L.A.

Gene Maddaus Senior Media Writer Jeff Shell was forced out as CEO of NBCUniversal after an internal investigation into his relationship with Hadley Gamble, an overseas correspondent for CNBC, two sources confirmed to Variety on Monday. In a securities filing on Monday, Comcast said that the company received a complaint of “inappropriate conduct,” including sexual harassment. During the investigation, “evidence was uncovered that corroborated the allegations,” leading to Shell’s termination “with cause.” Gamble is based in Abu Dhabi, where she anchors the “Capital Connection” broadcast. She has worked for the network since 2010. Her previous jobs included stints at CNN in Abu Dhabi and at ABC News and Fox News in Washington.

NBCUniversal CEO Jeff Shell was dismissed “with cause” due to “inappropriate conduct” and “sexual harassment” of an employee, according to a new SEC filing from parent company Comcast.

Fox, Comcast and Warner Bros Discovery shares each took a dip Monday after the media companies took turns generating industry-shaking headlines over less than 24 hours.

Kourtney Kardashian has hit back after being slated for showing off her wealth with copious bouquets and displays of flowers for her birthday.The millionaire megastar, who is best-known for the reality TV show Keeping up with the Kardashians and is now starring on The Kardashians, celebrated turning 44 last week. As the mum-of-three, who shares children Mason, 13, Penelope, 10, and Reign, eight, with her ex Scott Disick, excitedly posted some of her gifts and incredibly extra birthday floral displays on Instagram, some of her followers were less than impressed. Kourtney, who was blasted for "gross" images of her eating off the top of a toilet lid recently, faced a huge backlash as critics claimed she was being "excessive" and criticised the "ridiculous" number of bouquets.

EXCLUSIVE: Multiple sources tell Deadline that the woman who filed the complaint against NBCUniversal CEO Jeff Shell for inappropriate conduct was CNBC anchor and Senior International Correspondent Hadley Gamble.