Pulse logo
Pulse Region

Weinstein Co. fires president

Members of The Weinstein Co.'s board of directors announced Friday night that they had unanimously voted to fire the company’s president and chief operating officer, David Glasser, for cause.

The one-sentence statement did not specify what the cause was. Still, the move represents yet another twist in an ongoing saga that has engulfed the embattled company.

It comes at an urgent moment for the company, which has been trying to avoid bankruptcy since October, when reports by The New York Times and The New Yorker revealed decades of sexual harassment allegations against one of its founders, Harvey Weinstein.

The company had been nearing a deal to sell itself to an investor group, but it hit a last-minute snag this week when Eric T. Schneiderman, New York’s attorney general, filed a lawsuit against the studio and its founders alleging that they repeatedly violated laws barring gender discrimination, sexual harassment and other offenses.

The investor group, led by Maria Contreras-Sweet, had been willing to buy the company for roughly $275 million and assume $225 million of debt, two people briefed on the deal who spoke on condition of anonymity previously told The Times.

Recommended For You
Entertainment
2025-03-18T02:26:22+00:00
Khalif Kairo and his former business partner Clement Kinuthia are locked in a heated exchange of accusations, with Kairo now alleging that Clement not only cheated on his wife but also had an affair with his (Kairo’s) girlfriend. The car dealer also revealed that he is currently single, but will introduce a new lady once he resolves the issues surrounding his business.
Businessman A past image of Khalif Kairo with his ex business partner Clement Kinuthia
Lifestyle
2025-03-18T12:40:12+00:00
Rachel Ruto is no stranger to making bold yet elegant fashion statements, but during the state visit of the Dutch royals on March 18, 2025, it wasn’t just her outfit that stood out—it was her shoes. The Kenyan First Lady stepped out in a pair of brown suede block heels adorned with a gold emblem.
The Sh83K shoes that completed Rachel Ruto’s State Visit look

Contreras-Sweet’s group had pulled ahead of other bidders like Lions Gate Entertainment by promising to keep the studio intact and retaining its employees, including senior managers like Glasser. Under the deal, Weinstein’s younger brother, Bob Weinstein, would leave the studio, two people said.

Schneiderman’s lawsuit does not name Glasser, but it refers to him by his title and says that the sale of the company could result in employees’ reporting to some of the same managers “who failed to investigate” Weinstein’s conduct or protect female employees from him.

Glasser, 46, was a longtime top lieutenant at the company, and the Weinsteins have called him their “third brother.”

Efforts to contact Glasser early Saturday were unsuccessful.

In October, after the public complaints of sexual harassment against Harvey Weinstein led to his firing, Glasser tried to rally his shaken staff members at a meeting.

“We are going to be OK,” two people who attended the meeting recalled Glasser saying. He said his door was open to anyone who wanted to talk.

Glasser, who had said he would depart as president of the Weinstein Co. in August 2015, announced a month later that he would instead remain under a new three-year contract.

At the time, Bob Weinstein — who led the effort to retain Glasser — attributed Glasser’s change of heart in part to a personal friendship between Glasser and the brothers.

“Harvey and I sometimes don’t even want to be brothers,” Bob Weinstein said at the time. “I don’t know why anyone would want to be another brother.”

But Glasser, “should he want it,” Bob Weinstein said, “has become the third brother.”

This article originally appeared in The New York Times.

MATT STEVENS © 2018 The New York Times

Subscribe to receive daily news updates.