Fired NBCU Chief Jeff Shell’s ‘Inappropriate Relationship’ May Have Cost Him $25 Million

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While CNBC anchor Hadley Gamble calls it sexual harassment, the whole affair could come at a heavy financial cost for the ousted CEO

Jeff Shell
Jeff Shell, fired CEO of NBCUniversal, at the Allen & Company Sun Valley Conference on July 6, 2022 in Sun Valley, Idaho. (Kevin Dietsch/Getty Images)

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.