As Leno's fortunes fade at NBC, Zucker's continue to climb

Is a deal with Satan the kind of thing you're required to disclose in a proxy statement? If so, I'll be very curious to see the one filed after Comcast (CMCSA) completes its takeover of NBC Universal (GE).

It's hard to imagine what else could account for the continuing employment of Jeff Zucker as the head of one of the world's premier media conglomerates -- even as it becomes increasingly clear how unfit he is for the job. Now it looks like not even the sale of his company will put an end to Zucker's reign of error: Reuters reports that Comcast has agreed to keep him on as the CEO of the joint venture created by the acquisition, if and when it comes to fruition. This despite the availability of former News Corp. (NWS) president Peter Chernin, a media executive with a substantially better track record than Zucker's. Chernin is advising Comcast in the deal.