Mindy Herman stepped down as the CEO of E! Networks Thursday, the same day a newspaper report questioned some of her management decisions.

Herman and Comcast, the majority owner of E! and its sister network, style., say nothing about the Los Angeles Times story, which says Herman used company money to throw herself two baby showers and let a style. series pay for and film the redecoration of a room in her Malibu home.

“We have accomplished essentially everything that we set out to do when I joined E! Networks in early 2000. This is a logical time for me to transition to the next phase of my career,” Herman says in a statement.

Comcast chairman and CEO Brian Roberts says Herman “has done an excellent job” in her four years at E! Networks.

Since joining E! Networks in 2000, Herman has increased distribution of both E! and style. by millions of households.

Revenue has also improved substantially, although ratings for E! haven’t improved during her tenure. Sources told the Times that Comcast launched an investigation last year after receiving a letter claiming Herman used network money for her baby shower at the company’s headquarters and another at a Malibu restaurant.

An E! spokesperson says Herman reimbursed the network for the company party, while friends paid for the other shower.

Herman, who will remain with E! while it searches for a new CEO, will leave the company as much as $20 million richer, according to the Times, which says her severance package is tied to the amount that E! Networks increased in value during her time.


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