×

New York Attorney General: David Glasser as Weinstein Co. CEO Is ‘Unacceptable’

New York Attorney General Eric Schneiderman said Monday that it is “unacceptable” for the new owners of the Weinstein Co. to maintain the previous management team, including David Glasser, who was expected to be named CEO.

In a press conference in Lower Manhattan, Schneiderman discussed the extensive allegations of sexual misconduct and corporate enabling detailed in the lawsuit his office filed on Sunday.

“We have never seen anything as despicable as what we’ve seen right here,” Schneiderman said.

The attorney general’s lawsuit has thrown the pending sale of the company into doubt. A bid group backed by investor Ron Burkle and fronted by Maria Contreras-Sweet, the former head of the Small Business Administration, was expected to finalize terms on a $500 million acquisition on Sunday.

The investor group had promised to clean up the company by installing a female-majority board and putting in place a victims’ compensation fund. But in the press conference, Schneiderman argued that those promises were largely illusory.

“The CEO was supposed to be David Glasser — not a female last time I checked,” he said.

The lawsuit alleges that Glasser, as chief operating officer, had oversight of the human resources department at the Weinstein Co. The complaint alleges that numerous complaints of sexual misconduct against Harvey Weinstein were not properly handled, and that accusers were vulnerable to retaliation because complaints were forwarded to Weinstein.

“The putting in charge of a newly configured company the same people who were involved in perpetuating for 12 years this pattern of misconduct, should be unacceptable to anyone who wants to reimagine the company,” Schneiderman said.

The attorney general’s office has sought to negotiate with the Contreras-Sweet group, but has not gotten very far. Schneiderman said that Contreras-Sweet’s lawyer called back and said, “Why should we talk with you?”

It remains to be seen whether Contreras-Sweet would be willing to dispense with Glasser, which seems to be close to non-negotiable for the attorney general. It’s also unclear if she would be able to change the terms of the deal to increase the amount allotted to victims of Weinstein’s abuse, which might be a greater sticking point.

More Biz

  • Bert Salke and Jennifer Salke

    Feds Looked Into Amazon Studios Chief Jennifer Salke in College Admissions Scandal

    Federal investigators looked into Amazon Studios chief Jennifer Salke and her husband, Fox 21 Television Studios president Bert Salke, as they conducted a sprawling probe of cheating in elite college admissions, a source close to the case told Variety. It does not appear, however, that prosecutors will charge the Salkes in the case. The Salkes [...]

  • Variety Cord Cutting Placeholder Cable

    Big Blackout Looms as CBS, AT&T Go Down to Wire on Renewal Talks

    A blackout affecting CBS stations in major markets throughout the country looms as CBS and AT&T executives go down to the wire on negotiations for a retransmission consent deal covering 28 O&O stations. The sides have sparred publicly during the past few days as 11 p.m. PT Friday expiration of the previous contract approached. AT&T [...]

  • Contract Placeholder Business WGA ATA Agent

    ICM Responds to WGA Packaging Lawsuit: Claims are 'Baseless' and 'Absurd'

    ICM Partners has asked a judge to dismiss the lawsuit filed against four major talent agencies by the Writers Guild of America as part of the larger war between agencies and the guild over packaging fees on TV series and movies. The guild sued ICM, CAA, WME and UTA in California state court in April, [...]

  • New York City NYC Placeholder

    CityFM Podcast Takes a Deep Look at New York’s Music Scene (Listen)

    First among the many projects listed at the beginning of New York Music Month in June was a WNYE radio show and podcast called CityFM that promised to “explore the city’s music culture, emerging artists and trends, and upcoming events told through the lens of what’s happening around the city in Summer 2019.” And while [...]

  • Live Nation Logo. (PRNewsFoto/Live Nation)

    Live Nation Confirms Placing Tickets Directly on Secondary Market at Artists’ Request

    Representatives for Live Nation, the world’s largest live-entertainment company and owner of Ticketmaster, confirmed that it bypassed conventional channels and directly placed thousands of concert tickets on the secondary market upon artists’ request, in an article published in Billboard. In a statement shared with Variety, the company acknowledged that it has facilitated the transfer of [...]

  • Costume designer Michele Clapton

    Costume Designers Fashion a Plan to Fight for Pay Parity in Upcoming Contract Talks

    The Costume Designers Guild Local 892 is gearing up to fight for pay equity in its 2021 contract negotiations with the Alliance of Motion Picture and Television Producers, establishing a pay-equity committee to raise awareness of the scale disparity between the mostly female CDG membership and the mostly male membership of the Art Directors Guild Local [...]

More From Our Brands

Access exclusive content