NBCUniversal CEO Jeff Shell is out after admitting inappropriate relationship with woman

NBCUniversal CEO Jeff Shell is out after admitting inappropriate relationship with woman


Jeff Shell, CEO of NBCUniversal, walks to lunch at the Allen & Company Sun Valley Conference on July 07, 2022 in Sun Valley, Idaho.

Kevin Dietsch | Getty Images

NBCUniversal CEO Jeff Shell on Sunday left his role immediately after he admitted an “inappropriate relationship” with a woman in the comany, parent company Comcast announced.

“Today is my last day as CEO of NBCUniversal. I had an inappropriate relationship with a woman in the company, which I deeply regret. I’m truly sorry I let my Comcast and NBCUniversal colleagues down, they are the most talented people in the business and the opportunity to work with them the last 19 years has been a privilege,” Shell said in a statement.

A company email said Shell’s team will report to Comcast President Mike Cavanagh.

“We are disappointed to share this news with you. We built this company on a culture of integrity. Nothing is more important than how we treat each other. You should count on your leaders to create a safe and respectful workplace. When our principles and policies are violated, we will always move quickly to take appropriate action, as we have done here,” Cavanagh and Comcast CEO Brian Roberts said in a separate statement.

Comcast is due to report earnings Thursday.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

This is breaking news. Please check back for updates.



Source

The warehouse real estate sector is seeing a rebalance. Here’s what to watch for
Business

The warehouse real estate sector is seeing a rebalance. Here’s what to watch for

A large industrial warehouse features rows of shelves stacked with packages, while two workers in safety gear are walking and inspecting the storage. Utilized space exemplifies efficiency and systematic inventory management. Witthaya Prasongsin | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property […]

Read More
‘To sustain the ride, they started to dilute it’: How Black Friday became a retail letdown
Business

‘To sustain the ride, they started to dilute it’: How Black Friday became a retail letdown

Black Friday early morning shoppers rush in as the doors are opened at a Walmart store in Fairfax, Virginia, Nov. 28, 2008. Gerald Martineau | The Washington Post | Getty Images Black Friday has long been defined by massive crowds, rock-bottom prices and rabid consumers willing to bite, scratch and claw their way to the […]

Read More
With Trump’s tax bill set to dent giving by the wealthy, can middle-class donors make up the difference?
Business

With Trump’s tax bill set to dent giving by the wealthy, can middle-class donors make up the difference?

A woman puts money into a Salvation Army red kettle outside of Giant Supermarket in Alexandria, Virginia on November 22, 2023. Eric Lee | The Washington Post | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to […]

Read More