Jeff Shell, the CEO of NBCUniversal, is stepping down following an investigation into his conduct, which found he had an “inappropriate relationship” with someone. The news has come as a shock to many in the industry, as Shell has been a fixture at NBC for over two decades, and has overseen the company during a period of significant change.
Shell had been CEO of NBCUniversal since January 2020, and was previously chairman of the company’s film and entertainment division. He has also served as the Chairman of the Broadcasting Board of Governors, which oversees all US government-funded international broadcasting services, including Voice of America and Radio Free Europe/Radio Liberty (Variety).
The investigation into Shell’s conduct was launched after a complaint was filed, which alleged “inappropriate conduct” by the CEO. Following the complaint, NBCUniversal hired outside counsel to investigate the matter, and it was during this investigation that the “inappropriate relationship” was discovered (USA Today).
Although it is not clear who the person involved in the relationship was, some reports have suggested that it may have been CNBC anchor Hadley Gamble (New York Post). Gamble has not commented on the matter, nor has NBCUniversal provided any further details.
Shell’s departure from the company has prompted many to wonder whether the lessons of the #MeToo movement have been learned. NBCUniversal is just the latest company to be rocked by allegations of inappropriate conduct, and many are calling for greater accountability and transparency in the industry (The Wrap).
Moving forward, Comcast President Mike Cavanagh will take over as CEO of NBCUniversal. Cavanagh is a veteran of the company, having served in a variety of roles over the years, including as CFO of Comcast Corporation (The Hollywood Reporter).
Overall, the news of Jeff Shell’s departure has sent shockwaves through the industry, and has once again put a spotlight on issues of workplace conduct and accountability. As companies continue to grapple with these issues, it remains to be seen what steps will be taken to ensure that all employees are treated with respect and dignity, and that those who engage in inappropriate conduct are held accountable for their actions.
