What took so long? From the NY Post:
General Electric has finalized details of Jeff Zucker’s exit deal from NBC Universal, according to sources familiar with the situation.
Zucker will leave “a couple of months” after Comcast Corp. closes its agreement to acquire a 51 percent stake in the media giant from its current owners General Electric and Vivendi — with an exit package of roughly $30 million to $40 million, under the proposed exit deal, those sources said.
The Comcast acquisition is expected to close in early 2011 after regulatory approval.
Sources close to the company steadfastly denied yesterday that any exit package for Zucker existed. GE, in a statement, called reports of an exit package “not true.”Nonetheless, sources tell The Post that Zucker has been telling friends that such a deal has been finalized.
Just a few months ago, Comcast and GE extended Zucker’s contract until 2013 saying he would continue as CEO of the newly merged entity, though sources say it’s clear Comcast Corp. COO Steve Burke intends to play the lead role.
Comcast, of course, can’t make any management changes until the deal is complete. Zucker has already been floating some trial balloons about his next move, telling MSNBC’s Joe Scarborough and the Washington Post’s Howard Kurtz that he’s interested in politics.
Interested in politics, heh? Maybe Bill Clinton offered him a job too.