Insider Finance - Business - Musk upends NBCUniversal

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May 13, 2023

Hello, Insiders. Before we begin: It’s Mother’s Day tomorrow in the US and Canada. If you’re in need of a last-minute gift, our reviews team has some picks for you.

For today’s edition, we’re taking a look at the “crisis” inside NBCUniversal, which was thrown into chaos after Elon Musk named its advertising chief, Linda Yaccarino, as Twitter’s new CEO. That’s our big story.

We're also covering:

Redditors share how to make $100,000 without being "killed" by stress.
Job hopping is slowing down. Welcome to the “Big Stay.”
A Russian tycoon is suing to get his seized superyacht back.

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THE BIG STORY

NBCU shakeup

Linda Yaccarino. NBCUniversal

The departure of advertising chief Linda Yaccarino for Twitter has thrown NBCUniversal into chaos.

In the past few weeks, Comcast’s CEO, Brian Roberts, has wrestled with the shocking loss of NBCUniversal’s CEO, Jeff Shell, who’s facing a sexual-harassment scandal, and a Hollywood writers' strike threatening to wreck programming for the foreseeable future.

Now Yaccarino, a top advertising executive who worked at the company for 12 years, has quit and been named by Elon Musk as the new Twitter CEO — days before NBCUniversal’s major annual upfront presentation to advertisers.

One advertising executive who works closely with NBCUniversal described the situation inside the company as a "Cuban missile crisis."

"This couldn't have happened at a worse time," this person added.

READ THE FULL STORY HERE

THIS WEEK'S TRENDS

Redditors, ‘Big Stay,’ & remote work

Getty

Redditors are posting about making over $100,000 without being “killed” by stress. A post in the subreddit r/careerguidance that asked for advice on making bank got thousands of responses. Some described stress-free roles in tech and management. Others said they were paid six figures and worked less than 40 hours a week. Dive in.
The Great Resignation is giving way to the “Big Stay.” Americans have been quitting jobs a lot less frequently than they have been as pay bumps have slowed down. An Indeed economist told Insider, "The days of a quits rate near 3% are behind us, or at least for the foreseeable future.” More on the trend here.
A better place to work from: vacation rentals. Michelle Joy, a travel blogger and freelancer, told us she books monthlong stints on Airbnb at off-peak times (like a ski town in West Virginia in the fall). Plus, she said her trips typically cost less than what she spent on her mortgage. Her tips here.

QUICK LINKS

Weekend reads

Stephan Laforge

This $6 million Las Vegas bunker is still looking for a buyer. It's 26 feet underground, decorated like the 1970s, and owned by a foundation that wants to freeze humans for science.
The side hustles that make money quick (and the ones you should skip). A millennial who tests out side hustles recommends making user-generated content but skipping creating a YouTube channel.
A Utah woman wrote a children's book on how to cope with grief after her husband's death. She's been charged with murder in his death.
A great eggs-plosion is happening on TikTok. People are microwaving hard-boiled eggs and filming them explode.
"I got fired from my dream tech job but now I make more money as a content creator." Zulie Rane said she now works only 20 hours a week. Here’s how.
Ukrainian special operators have been putting their US-provided training to use against Russia. Gen. Bryan Fenton, the commander of US Special Operations Command, said they're "taking it to the Russians."
Women are documenting on TikTok what it's like to give birth without any medical assistance. Health experts say the fringe practice is extremely dangerous.

TAKE A LOOK

Seized superyacht

Grace Deam

A Russian tycoon wants his $48 million superyacht back — and he's suing the UK government for it. The seized boat is said to feature an “infinite wine cellar,” a fresh-water swimming pool, and more.

CAN'T GET ENOUGH?

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This edition was compiled by Lisa Ryan, Diamond Naga Siu, and Annie Smith. Get in touch: insidertoday@insider.com.

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Insider Finance - Business - Musk upends NBCUniversal

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