🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Comcast says NBCU head Shell fired for sexual harassment

Published 04/24/2023, 05:42 PM
Updated 04/24/2023, 05:57 PM
© Reuters. FILE PHOTO: Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022.    REUTERS/Eric Gaillard
CMCSA
-
RDSa
-

By Lisa Richwine

LOS ANGELES (Reuters) - Former NBCUniversal Chief Executive Jeff Shell (LON:RDSa) was fired for sexual harassment after an investigation found evidence that corroborated a female employee's complaint, Comcast Corp (NASDAQ:CMCSA) said on Monday.

On Sunday, Comcast had said that Shell was leaving the company because of "inappropriate conduct." A two-decade veteran of the company, Shell acknowledged an "inappropriate relationship" with a woman who worked at Comcast, "which I deeply regret."

In a regulatory filing on Monday, Comcast said it had hired an outside counsel to investigate a complaint against Shell and the probe uncovered evidence of sexual harassment.

Because he was fired for cause, Shell will not receive severance pay, said a source familiar with the matter.

Shell did not respond to a request for comment on Monday.

The complaint was filed by Hadley Gamble, an anchor for Comcast-owned news channel CNBC International, her attorney confirmed on Monday. Some media reports had identified her on Sunday.

© Reuters. FILE PHOTO: Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022.    REUTERS/Eric Gaillard

"Given these circumstances, it is very disappointing that my client’s name has been released and her privacy violated," attorney Suzanne McKie said in an email.

Shell took over as CEO of NBC Universal in 2020, replacing Steve Burke. He oversaw the media company's broad portfolio of businesses, including the Universal film studio and television business, the Peacock streaming service and Universal's theme parks.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.