From: lessgovt@gmail.com   
      
   Ousted NBC Executive Jeff Shell Loses $43.3 Million After For-Cause Firing   
   By Dean Seal, April 28, 2023, WSJ   
      
   Former NBCUniversal CEO Jeff Shell will lose out on more than $40 million in   
   compensation after being terminated for cause earlier this week because of   
   inappropriate conduct.   
      
   NBCUniversal parent Comcast Corp. disclosed Friday that Mr. Shell’s stock   
   options and grants, which were valued at $43.3 million when he was fired on   
   Sunday, have been forfeited and canceled.   
      
   Mr. Shell had said he had an inappropriate relationship with a company   
   employee. “I’m truly sorry I let my Comcast and NBCUniversal colleagues   
   down,” he said Sunday in a statement.   
      
   CNBC International anchor Hadley Gamble has accused the former NBCUniversal   
   media head of sexual harassment and sex discrimination in a complaint to   
   Comcast, her lawyer said Monday.   
      
   Comcast hasn’t named a successor and tapped President Mike Cavanagh to   
   oversee Mr. Shell’s direct reports for now. Mr. Cavanagh said on an earnings   
   call Thursday that he expects to oversee NBCUniversal for a while.   
      
   Mr. Shell won’t be given severance or receive any supplemental benefits tied   
   to his termination, and will receive only his accrued, unpaid base salary,   
   Comcast said. He also will be paid out for his vacation time, vested employee   
   benefits and    
   reimbursable business expenses, according to a securities filing.   
      
   Comcast’s proxy filing Friday said Mr. Shell’s total compensation was   
   valued at $21 million last year, including the compensation that was forfeited   
   with his termination. Mr. Shell’s total pay was valued at $21.6 million in   
   2021 and $16.5 million    
   in 2020.     
      
   Comcast reported Thursday that revenue fell in the first quarter owing to a   
   sharp decline in advertising, though the company’s Peacock streaming service   
   continued to add new subscribers at a healthy pace.   
      
   The company said that in 2022, when Mr. Shell led NBCUniversal, momentum in   
   Peacock continued, with paying subscribers more than doubling to more than 20   
   million, and the theme parks “performed exceptionally well.”   
      
   https://www.wsj.com/articles/ousted-nbc-executive-jeff-shell-los   
   s-43-3-million-after-for-cause-firing-acca9103   
      
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