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Saturday, January 22, 2011

Olbermann was fired, says TMZ, Rachel Maddow believes it was a 'mutual decision'

Keith Olbermann (center) manipulated via super...Image via Wikipedia
TMZ.Com is reporting that the
recently approved merger between
NBC Universal and Comcast
lead to the network firing 
Keith Olbermann.
TMZ.COM website is reporting the following information in the resignation of Keith Olbermann and the abrupt end of  Countdown on, Friday, January 21st.

"Keith Olbermann was fired by MSNBC sources tell TMZ, and we're told it had everything to do with Comcast's acquisition of NBC 
Sources connected with the network tell us ... Comcast honchos did not like Keith's defiance and the way he played in the sandbox.

Our sources say Keith has around two years left on his contract, and he'll be paid his salary -- around $7 million a year.
We don't know if Comcast will let Keith make a deal with another network as part of an exit agreement, but it's a good bet he'll be benched for a minimum of 6 months, and probably longer."
The last part of the TMZ.COM post is of question, if Keith Olbermann will be 'benched' for six months or longer. Specifically, it depends on what were the terms of the contract Mr. Olbermann initially signed with MSNBC. If Keith Olbermann was terminated normally any employment contract at that time would be null and void, with a Non-compete Cause.

What is a Non-Compete cause? It is a document that protects the employer against the employee or former employee telling sensitive processes, technologies, and other trade secrets and information of the corporation. If the field is competitive, like in broadcast news, executive positions and other mid/junior level management job titles  the more likely employers will ask prospective employees to sign a non-compete agreement.

In the case on if an former employee was fired, the non-compete cause becomes questionable as a legally -enforceable document.

"(Potential Employees) may be able to negotiate the terms of the agreement -- including the number of names of specific competitors, the breadth of the geographic scope, the amount of time, and whether the agreement goes into effect if you are downsized or fired rather than when you resign", noted on Quint Careers.

So, as a job-seeker, if you get a great job offer – the perfect job, with a great company, and a strong compensation package – but with the caveat that you must sign a non-compete agreement, you'll need to take some time to evaluate the pros and cons of signing it and working for that company."

MSNBC anchor Rachel Maddow was on "Real Time With Bill Maher" when the news broke that Keith Olbermann and MSNBC had decided to part ways. Ms. Maddow states that she believes it was a 'mutual decisionthat Mr. Olbermann and MSNBC decided to part ways but, also noted that 'she did have all the details'.

Video of Rachel Maddow's initial statement of the Keith Olbermann resignation from MSNBC

A Facebook Fan Page to named 'CNN to hire Keith Olbermann ASAP' at their network at the 8pm EST slot, quickly appeared on Friday evening. 

News sources have reported issues on the set of CNN's current prime-time leading evening program the Parker-Spitzer' show, co-hosted by Washington Post Columnist Kathleen Parker and former New York Governor Elliott Spitzer. CNN's 8pm lead show is currently in last place in the prime-time ratings.

What are your thoughts on this article? Do you believe was Keith Olbermann resigned his employment with MSNBC with two years left in his contract or was he forced out? Feel free to comment on this story, below!
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