Bob Wright

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For other people named Bob Wright, see Bob Wright (disambiguation).

Robert Charles "Bob" Wright (born 1943) is a US television businessman, having served as chairman of NBC Universal.

Biography

Early life and career

He graduated from Chaminade High School and The College of the Holy Cross in 1965 and earned a law degree from the University of Virginia Law School.

Before taking the helm of NBC in 1986, Wright was president of GE Financial Services president of Cox Cable Communications before that. Before that, he had a diversified career in general management, marketing, and broadcasting, much of it with GE. As of January 2016 he is serving as Senior Advisor at Lee Equity Partners.

NBC

He was named president and CEO of NBC in 1986 by new General Electric boss Jack Welch. In 2001, he became chairman and CEO. In May 2004, NBC's parent company, General Electric, acquired Vivendi Universal Entertainment to create NBC Universal; Wright, who orchestrated the deal, was named chairman and CEO of the new company. In February 2007, Wright, after 21 years, was succeeded by Jeff Zucker, who was named president and CEO of NBC Universal. Wright remained chairman of the media company until May 2007 and remained vice chairman of GE until May 2008.[1]

Wright had one of the longest and most successful tenures of any media company chief executive. Under his leadership, NBC was transformed from a broadcast network into a global media powerhouse, with leadership in TV programming, station ownership, and television production. In 1986, Wright's first year at NBC, the network had revenues of $2.6 billion. By 2006, his last full year at the helm, company revenues had grown to $16.2 billion. During Wright's tenure, NBC was GE's most successful business, enjoying double-digit compounded annual growth in operating profit.

Among his achievements, Wright diversified NBC by launching cable networks such as CNBC (the world's leading name in broadcast business news) and MSNBC (a leading news cable outlet and website). He also acquired entertainment cable network Bravo and Spanish-language broadcaster Telemundo, before orchestrating the VUE acquisition, which added to NBC the Universal Pictures film studio, Universal theme parks, and a collection of fast-growing and profitable cable networks such as USA Network and SCI FI Network (now called Syfy).

Wright is a founding member of the Global Leadership Group for BASCAP, the Business Alliance to Stop Counterfeiting and Piracy. He has been a leading figure in the global business community in raising awareness of the economic dangers of counterfeiting and piracy, and was the first major media executive to forcefully articulate the costs of content theft in the television and film industries. Among his notable public statements on this issue are an op-ed published in The Wall Street Journal ("Stop IP Theft," November 8, 2005) and keynote speeches at the Media Institute ("Technology and the Rule of Law in the Digital Age," Washington, D.C., October 27, 2004)[2] and the Third Global Congress on Combating Counterfeiting and Piracy ("'Hear No Evil' No Longer," Geneva, January 30, 2007)[3] Wright's speech at the Media Institute was published in the Notre Dame Journal of Law, Ethics & Public Policy, vol. 19, issue 2[4] His 2002 speech for the Legatus Tri-State Chapter on issues of faith and business was reprinted in 50 High-Impact Speeches and Remarks.[5]

Personal life

After his grandson was diagnosed with autism in 2004, he and his wife, Suzanne, established a foundation called Autism Speaks, which is now the largest organization representing families of people with autism in the US, with affiliates in the UK, Canada and Qatar. His three children Katie, Chris, and Maggie, all reside in New York City.

Through 2008, Bob and Suzanne were residents of Southport (Fairfield), Conn., where they had lived for 25 years.

Awards

  • 1996: Hall of Fame, Broadcasting & Cable[6]
  • 1997: Gold Medal Award, International Radio & Television Society Foundation[7]
  • 1998: Steven J. Ross Humanitarian of the Year Award, UJA-Federation of New York[8]
  • 2001: Striving for Excellence Award, Minorities in Broadcasting Training Program[9]
  • 2002: Public Service Award, Ad Council[10]
  • 2003: Golden Mike Award, Broadcasters’ Foundation[11]
  • 2004: Freedom of Speech Award, Media Institute[12]
  • 2005: Humanitarian Award, Simon Wiesenthal Center[13]
  • 2005: Distinguished Leadership in Business Award, Columbia Business School[14]
  • 2006: Visionary Award, Museum of Television & Radio[15]
  • 2006: Double Helix Medal, Cold Spring Harbor Laboratory (co-recipient with his wife, Suzanne) [16]
  • 2007: Cable Hall of Fame, Cable Center[17]
  • 2009: Advertising Hall of Fame, AAF[18]
  • 2013: Dean’s Medal, Johns Hopkins Bloomberg School of Public Health (co-recipient with his wife, Suzanne) [19]

References

  1. ↑ Article in Variety
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Business positions
Preceded by CEO of NBC
1986–2007		 Succeeded by
Jeff Zucker

External links

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