Will Matt Lauer Be Able To Get Any Money From Being Fired
Matt Lauer's contract chosen for him to be paid tens of millions of dollars. Only NBC doesn't expect to pay information technology now that he's been fired.
Lauer "will not be paid by his final day of work," a senior NBC source told CNNMoney on Friday.
Questions take been swirling about the possibility because the New York Postal service published a story on Thursday that said Lauer's lawyers have been line-fishing to get him a payout.
New York Post's headline: "Lauer's lawyers trying to get him $30M payout after firing."
The $thirty million figure was predicated on the fact that Lauer was paid nearly $twenty million a yr to co-host the "Today" show -- an extraordinary sum of money that reflects how profitable the morning evidence is.
The sprawling "Today" show franchise makes hundreds of millions of dollars a yr in ad sales.
Lauer's contract was believed to expire in late 2018. Nevertheless, the New York Mail indicated that it extended through the start half of 2019, leading to the $30 million effigy.
The senior NBC News source did not dispute that Lauer's attorneys might hatch a programme to get him paid. Merely the source said the network will not agree to any payout.
Television news contracts typically include a morals clause, giving a network some flexibility to fire a high-priced anchor for cause.
These sorts of problems sometimes end upward in arbitration or court, but are usually settled privately.
Related: Lauer allegations show 'nosotros must do a better task,' says NBC News chair
2 people close to Lauer expressed doubt that he would play hardball with his former network. Given reports about his yearly salary over the by decade, he has likely already been paid well in backlog of $100 million during his fourth dimension at NBC. He has multiple backdrop and investments.
Earlier this week, a source said that Lauer was accepting of NBC's decision to terminate his contract, and expressed remorse when NBC News chairman Andy Lack called him with the news on Tuesday nighttime.
In a argument on Th, Lauer said he was "truly pitiful" for the pain he has caused.
Three women are known to take filed formal complaints with NBC this week well-nigh Lauer'southward alleged wrongdoing. The first harassment complaint, made on Mon night, triggered an internal investigation and Tuesday night'southward firing decision.
After his termination was appear on Midweek, two other accusers reached out to the network.
In a memo on Friday, Lack said NBCUniversal would conduct a review of what happened and would strengthen its internal processes so that staffers feel safe coming forwards with allegations of misconduct.
Paying Lauer a huge amount of money on the way out the door would arguably send a contrary message.
21st Century Fox was widely criticized for paying old Fox News chairman Roger Ailes when he resigned under pressure level among a sexual harassment scandal last twelvemonth. The criticism resumed when Beak O'Reilly reportedly received about $25 million, a severance payment amounting to ane year of his iv-yr contract, when he left Fox earlier this year.
Source: https://money.cnn.com/2017/12/01/media/matt-lauer-payout-nbc/index.html
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