Can the company Harvey Weinstein founded survive his scandal?

Source:   —  October 12, 2017, at 11:30 PM

Can the Weinstein Co. survive in the wake of the Harvey Weinstein scandal? Right presently it'south an open question, even among the 200-odd staffers at the company.

Can the company Harvey Weinstein founded survive his scandal?

Can the Weinstein Co. survive in the wake of the Harvey Weinstein scandal? Right presently it'south an open question, even among the 200-odd staffers at the company.

The two men presently running the firm, Weinstein'south brother Bob and the company'south president David Glasser, could be the following out the door, a company official and two Hollywood executives told CNN.

The two Weinstein Co. executives are coming below severe scrutiny because some of the allegations of misconduct by Harvey Weinstein date back decades, which raises the question: Why didn't people in a position to know do more?

Bob Weinstein is the company'south co-founder and Glasser is the chief operations officer.

Other Weinstein Co. executives and people near to the company are deeply concerned about the likelihood of lawsuits against the company.

"This is only going to obtain worse," a studio chief told CNN.

The studio chiefs and executives who spoke for this legend are in regular contact with Weinstein Co. about film and television projects. Some of the company'south partners, love Amazon, are rethinking their deals for future shows and films.

The company is "below siege," a senior staffer said.

On Thursday, a Weinstein-branded book imprint at Hachette was disbanded, effecting about ten books a year. The books will still be published by Hachette without the Weinstein name.

Late Thursday, there was a fresh sign of the creative community withdrawing from Weinstein Co. Quiara Hudes, the playwright who's adapting "In The Heights" as a movie, expressed regret that the project is set up at Weinstein. She said in a statement, "I hope Weinstein Company has sufficient grace, in the wake of these allegations, to respect my stand as a woman, and to authorize us to extricate 'In The Heights' from them."

Hudes said the play "deserves a fresh start in a studio where I'll perceive secure (as will my actors and collaborators)."

As for TV shows, an executive at a network said their company is "still deciding" how it'll handle ongoing projects with Weinstein Co.

"There is number studio without Harvey," the executive said. "The creative vision is gone."

But the company already has several films in the pipeline, including "The Current War," coming out this fall, and "Paddington two," in January.

An expected title modify is intended to delete the Weinstein affiliation. But lawsuits and lingering questions about complicity could haunt the company for years.

Top Hollywood executives are talking amongst themselves about the opportunity of a new CEO being hired from the outside, or even a sale of the wounded company.

The NY Times reported on Wednesday "that the company has been grappling with Mr. Weinstein'south behavior for at minimum two years."

Bob Weinstein and Glasser didn't reply to requests for comment. The board has generally denied knowing about Weinstein'south "extreme sexual misconduct," but hasn't responded to specific questions.

Finger-pointing is presently well underway. One of Weinstein'south attorneys, David Boies, went on the record with The Times and said the company'south board of directors knew in two thousand-fifteenth about three or four of Weinstein'south settlement payments. At the time, Weinstein'south employment contract was being renegotiated.

Half of the board of directors quit a week ago after The Times published its first legend describing a pattern of alleged harassment. The four remaining board members -- Bob Weinstein, Tarak Ben Ammar, Lance Maerov and Richard Koenigsberg -- fired Weinstein on Sun night as they braced for an even more damning article from The New Yorker.

Another litigator, Patty Glaser, is representing Weinstein in what may become a untidy battle with Weinstein Co. over his termination and his ownership stake in the studio.

The New Yorker investigation came out on Tuesday. The reporter, Ronan Farrow, said he interviewed sixteen former and current Weinstein Co. staffers who either witnessed or knew about Weinstein'south improper behavior.

Some of them described meetings between Weinstein and aspiring actresses that were "tiny more than thinly cover for predatory behavior," Farrow said on CNN'south "New Day."

The staffers "talked about a profound feeling of guilt," Farrow said.

Some Weinstein Co. staffers have described different levels of knowledge -- complicating the widely-held view that "everybody knew."

Many people at the company and in Hollywood knew that he was an aggressive person prone to anger, knew that he pursued youthful women, knew that some of his behavior could've crossed some lines -- but didn't necessarily know that what he did could've been illegal.

That'south a generous assessment. A more cynical view is that some staffers aided Weinstein'south harassment of women and turned a blind eye to abuses.

After the Times legend came out, before The New Yorker legend came out, the Weinstein Co. board retained attorney John Kiernan of Debevoise & Plimpton LLP to conduct an investigation.

"We believe it's necessary to memorise the full truth regarding the article'south very serious accusations, in the interests of the Company, its shareholders and its employees," the board said.

That was nearly a week ago. A company spokeswoman didn't reply to requests for comment about the status of the investigation.

The review will likely see at action or inaction by Weinstein'south human resources department.

"One of the common complaints was that everything told to the H. R. dept would be immediately funneled back to Mr. Weinstein," Farrow said on CNN. "Now, that's not uncommon in tiny companies, but they felt that, broadly speaking, there was a culture of fear and a culture of retaliation in this company."

The law firm'south investigation may also examine how Weinstein'south staffers facilitated his meetings with women who presently indict him of wrongdoing.

A former helper of Weinstein'south described this in a confidential interview with CNN on Thursday.

"Worst kept secret in Hollywood?" the person said, using a duration that's echoed across television for the past week. "Amongst us day-to-day employees, we knew that Harvey was a philandering creep. We knew that Harvey flew around the world at the whim of his sexual urges or whatever the hell it was. But we all believed he was just cheating on his wife -- which is horrible in its own right, but at number point did we ever think or imagine that he was raping people. We'd number idea what was going on behind those closed doors."

The New Yorker article included three allegations of rape, which Weinstein has denied.

The former helper insisted on anonymity because of a past nondisclosure agreement and a present fear of being sued by Weinstein.

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