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Weinstein Co.'s President Fired 'For Cause'

Weinstein Co.’s President Fired ‘For Cause’

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LOS ANGELES (CelebrityAccess) Weinstein Co.’s president and COO, David Glasser, was fired “for cause” by the company’s board of directors, according to a Feb. 16 announcement.

Glasser was singled out by New York Attorney General Eric Schneiderman at a Feb. 12 press conference, who accused Glasser of failing to respond to complaints to the company’s human resources department regarding allegations against the company’s co-founder, Harvey Weinstein.

The company and Glasser declined to comment to the Los Angeles Times regarding the ouster.

The announcement comes as the company is attempting to sell to a conglomerate for $500 million in an attempt top avoid bankruptcy. Weinstein Co. was nearing a sale to a group of investors led by former Obama administration official Maria Contreras-Sweet who said she wanted to change the company into a female-friendly entity; the deal was expected to be announced this week, according to the Times.

Schneiderman’s office released a 38-page complaint Feb. 11 claiming Weinstein Co. was a hostile work environment for women and accused the board of being complicit in Harvey Weinstein’s abuse of power.

“The COO David Glasser, who supervised the human resources department, did not stop this discrimination, harassment and abuse, even though he was in charge of handling dozens of shocking complaints,” Schneiderman said.

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