Fired NBCUniversal CEO Jeff Shell’s sexual misconduct with CNBC anchor Hadley Gamble may have cost him $25 million, filings by parent company Comcast show.
Comcast terminated Shell “with cause,” according to a filing released Monday. Shell admitted to an “inappropriate relationship” in a statement shared with employees Sunday, and Comcast characterized his departure as “mutually agreed.” Additionally, a lawyer for Gamble identified her as the individual involved Monday, saying that she had made a complaint of sexual harassment to the company.
Shell’s 2020 employment agreement, instituted after Comcast elevated him to CEO of NBCUniversal, provides several reasons why he could be terminated with cause.