Jeff Shell Out As Paramount President

by MarvelsGrantMan136

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  1. MarvelsGrantMan136 on

    Details:

    >For the second time in three years, Jeff Shell has been ousted from a top corporate perch.

    >Back in April 2023, the exec lost his job as NBCUniversal CEO amidst allegations of inappropriate conduct with a female CNBC reporter. Today, after weeks of claims about indiscretion and a multi-million legal back and forth, Shell is out as as the president of Paramount Skydance, I’ve learned.

    >The long anticipated pink slipping comes as a report from law firm Gibson Dunn appears to have cleared Shell of claims by an attention seeking so-called pro-gambler that the executive shared confidential and potentially explosive information. The initially $150 million the breach of contract and fraud complaint rom Robert James “RJ” Cipriani against Shell and his wife, which has grown to include Paramount itself, CEO David Ellison, his Oracle founder father Larry Ellison and a swath of advisors, accused the now exiting PARA president of gossiping about deals surrounding UFC, WBD and, more recently Donald Trump.

    >“We’re paying way too much for Warner Bros,” Shell is said to have told Cipriani of the eventually $111 billion buy of the iconic company over Netflix’s $89 billion bid for WB’s studio and streaming assets. “If we could just wait another year, we could get it a whole lot cheaper.”

    >Cipriani, who has already submitted a whistleblower filing with the S.E.C. over Shell and the UFC deal, further details more WBD tidbits allegedly dropped by the Paramount exec in a February 2 get-together “at the offices of a prominent Los Angeles entertainment law firm” clearly A.K.A. GlaserWeil.

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