A new report has brought attention to NBC News failing to disclose that its Chairman Cesar Conde serves on the boards of multinational corporations Pepsi and Walmart when reporting on those companies.
The Wall Street Journal, in a profile of Conde published Monday, noted the fact that the NBC executive — who took on his role in May 2020 — is also a board member for the publicly traded companies PepsiCo Inc. and Walmart Inc. He joined the former board in 2016 and the latter in 2019.
When the Journal raised the question of potential conflicts of interest, an NBCUniversal spokesman responded, “Mr. Conde would recuse himself from weighing in on stories involving Walmart and Pepsi.”
However, the statement does not make any mention of disclosing the executive’s position at these corporations in said coverage. Fox News points out that NBC News has run several positive or even flattering