Hadley Gamble, whose complaints led to the firing of ex-NBCUniversal boss Jeff Shell late last month, is leaving CNBC, the network said today.
24.04.2023 - 16:17 / thewrap.com
Deadline reported that the employee involved was CNBC anchor and senior international correspondent Hadley Gamble, who is currently based in Abu Dhabi, according to a profile on CNBC’s website. Shell’s relationship with her reportedly started about 11 years ago up until a couple of years ago when it ended.
Shell was chairman of NBCUniversal International from 2011 to 2013.Comcast declined to comment and Gamble did not immediately return TheWrap’s request for comment.Cavanagh joined Comcast in 2015 as the company’s chief financial officer after spending more than 20 years in the financial services industry.Immediately prior to joining Comcast, he briefly served as co-president and co-chief operating officer of The Carlyle Group, a leading global alternative asset manager.Additionally, he served as co-CEO of JPMorgan Chase’s corporate & investment bank from 2012 to 2014, where he oversaw all investment banking, cash management, investor services and the largest global markets and trading business in the world. Before that, he served as JPMorgan’s chief financial officer for six years, helping the bank successfully navigate the financial crisis.
In addition, at JPMorgan Chase and its predecessor firms, Mike held various key positions, including CEO of the firm’s Treasury & Securities Services division, head of strategy and planning, and chief operating officer of Middle Market Banking.The departure comes as Comcast is gearing up to report its first quarter earnings for 2023 on Thursday. Shares of Comcast are trading flat following news of the executive shakeup.Sharon Waxman contributed to this report
.Hadley Gamble, whose complaints led to the firing of ex-NBCUniversal boss Jeff Shell late last month, is leaving CNBC, the network said today.
Brian Steinberg Senior TV Editor Hadley Gamble, a CNBC reporter who ended up as part of the headlines involving the business-news outlet’s corporate parent and the ouster of its most recent CEO, is departing the company herself. “CNBC today announced that Hadley Gamble, Anchor and Senior International Correspondent, is leaving the company,” the network said in a statement. “Gamble has been a distinguished journalist for more than a decade for CNBC, undertaking highly visible and challenging assignments, and developing deep expertise in the Middle East and beyond. Her initiative and drive have secured valuable interviews with several world political leaders. We wish her every success in her future endeavors.”
Todd Spangler NY Digital Editor Warner Bros. Discovery chief David Zaslav weighed in on CNN’s controversial decision to host a live town-hall format Q&A with former President Donald Trump — defending the decision as needing to represent “both sides.” “The U.S. has a divided government. We need to hear both voices,” Zaslav said, speaking Friday on CNBC’s “Squawk Box” when asked about Trump’s scheduled May 10 appearance on CNN. “Republicans are on the air on CNN, Democrats are on the air… When we do politics, we need to represent both sides. I think it’s important for America.” Zaslav continued about Trump, “He’s the front-runner — he has to be on our network. We’re happy he’s coming on there.”
complaint filed by CNBC’s Hadley Gamble alleging sexual harassment, earned a total compensation package in 2022 that reached $21.01 million, compared with $21.6 million in 2021 and $16.5 million in 2020. The 2022 package included a $2.5 million base salary, $6.61 million in stock awards, $4.19 million in option awards, $7.5 million in non-equity incentive plan compensation, which represent annual performance-based bonuses, and $215,130 in “other compensation,” including $202,755 for Shell’s personal use of the company-provided aircraft.“As previously disclosed, Mr.
Jeff Shell, the ousted CEO of NBCUniversal, forfeited compensation valued at $43 million for 2022 after being fired for cause last Sunday.
Todd Spangler NY Digital Editor Jeff Shell, the former chief executive of NBCUniversal, forfeited stock grants and options worth $43.3 million after he was fired for cause earlier this week, according to a Comcast regulatory filing. Shell was terminated as CEO of NBCU over the past weekend after an internal investigation into his relationship with Hadley Gamble, an international correspondent for CNBC. “As previously disclosed, Mr. Shell’s employment was terminated with cause on April 23, 2023. As a result, he did not receive any supplemental payments or benefits in connection with his termination,” Comcast said in its 2023 proxy statement. “He will receive only his accrued but unpaid base salary and vacation time, vested employee benefits and reimbursement for any unreimbursed business expenses in accordance with his employment agreement.”
just 48% of U.S. adults had a monthly cable or satellite subscription, while a slim majority had signed on for streaming services.Indeed, Comcast, which owns NBCUniversal, also reported that its streaming service Peacock picked up 2 million net new subscribers in the quarter.As a result of the decline in cable subscribers, Comcast saw revenue from video fall 8% year-over-year to $7.38 billion in the first quarter, down from $8 billion last year.Put another way, cable TV revenue in the first quarter was not quite 25% of Comcast’s total revenue of $29.69 billion.At the same time, both broadband and wireless customers in the U.S.
Cynthia Littleton Business Editor The first rumblings about Comcast considering a major change involving NBCUniversal started this time last year.Now, in the wake of NBCUniversal CEO Jeff Shell’s abrupt firing, industry speculation about what may be in store for the network-studio conglomerate has gone into what-if overdrive. Maybe NBCU merges with Hulu to become a stand-alone company. Maybe the cable operations of Comcast and the satellite business of the U.K.-based Sky are separated from NBCU.
Newly interim NBCUniversal boss Mike Cavanagh has spoken out on the Jeff Shell shocker for the first time and said he’ll be in the post overseeing the entertainment unit “for a while.”
Shell was terminated with cause on Sunday after Comcast investigated allegations that he engaged in inappropriate conduct with a female employee, later identified as Hadley Gamble. Gamble, a CNBC anchor and senior international correspondent, filed a complaint alleging sexual harassment, her lawyer said.“During the investigation, evidence was uncovered that corroborated the allegations,” the company noted in an 8-K filing on Monday.
Comcast CEO Brian Roberts kicked off the company’s first-quarter earnings call by acknowledging the abrupt dismissal of NBCUniversal chief Jeff Shell last Sunday.
Brian Steinberg Senior TV Editor Comcast said it managed to boost profit during its fiscal first quarter even as it navigated a dip in media advertising and slowing growth among broadband subscribers, yet boosted U.S. subscribers to its Peacock streaming hub to 22 million. The Philadelphia owner of NBCUniversal, Sky and its large broadband and cable business said profit came to $3.83 billion, or 91 cents per share, compared with $3.55 billion, or 78 cents per share in the year-earlier period. Comcast reported earnings per share of 92 cents after adjusting for one-time items Revenue fell 4% to $29.69 billion, compared with $31.01 billion in the year-earlier period, thanks to comparisons with a quarter in 2022 that contained both the broadcast of the Super Bowl and the Beijing Olympics.
Jennifer Maas TV Business Writer Top Comcast execs made their first public comments on the departure of NBCUniversal CEO Jeff Shell Thursday, remarks that came as the company reported its Q1 earnings results. Comcast CEO Brian Roberts opened a call with investors by saying Shell’s exit due to “inappropriate relationship” with a subordinate was “obviously a tough moment” adding, “we are so fortunate to have a fabulous and tenured leadership team at NBCUniversal.” “When you go down the list, you’ll see many of them have been leading their divisions within the company for at least 10 years and are the best in the business,” Roberts said. “We are also lucky to have Mike Cavanagh stepped in to help NBCUniversal while also remaining president.”
Comcast reported a 4% year-over-year dip in revenue in the first quarter, to $29.7 billion, but still exceeded Wall Street forecasts.
Jeff Shell looked more like a snowy-haired roadie than a VIP as he milled about in the wings of the Sahara Tent ahead of Blink-182’s set at Coachella on April 14. The NBCUniversal CEO had spent the day at the festival with his wife, Laura, in anticipation of the band’s first show in nearly a decade. Later, he took a seat alongside a leather-clad Kourtney Kardashian, whose long-running “Keeping Up With the Kardashians” holds a significant presence in the NBCUniversal spread, with all 20 seasons of the reality show having recently moved from Hulu to Peacock. But Shell wasn’t there on business. He enjoys close ties with the band’s bassist and co-lead vocalist, Mark Hoppus, a friendship forged thanks to their kids attending the same school in L.A.
Patrick Frater Asia Bureau Chief Incumbent U.S. President Joe Biden said early Tuesday that he will seek a second term in office. The move potentially set him up for another clash with former President Donald Trump. More to follow.
Gene Maddaus Senior Media Writer Jeff Shell was forced out as CEO of NBCUniversal after an internal investigation into his relationship with Hadley Gamble, an overseas correspondent for CNBC, two sources confirmed to Variety on Monday. In a securities filing on Monday, Comcast said that the company received a complaint of “inappropriate conduct,” including sexual harassment. During the investigation, “evidence was uncovered that corroborated the allegations,” leading to Shell’s termination “with cause.” Gamble is based in Abu Dhabi, where she anchors the “Capital Connection” broadcast. She has worked for the network since 2010. Her previous jobs included stints at CNN in Abu Dhabi and at ABC News and Fox News in Washington.
NBCUniversal CEO Jeff Shell was dismissed “with cause” due to “inappropriate conduct” and “sexual harassment” of an employee, according to a new SEC filing from parent company Comcast.
memo to employees on Sunday, Shell apologized for having “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,” he added.Comcast confirmed in an 8-K filing with the Securities and Exchange Commission on Monday that it retained outside counsel to investigate allegations that Shell engaged in inappropriate conduct with a female employee. “During the investigation, evidence was uncovered that corroborated the allegations,” the media conglomerate added.