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Weinstein’s contract allowed his misbehaving

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  • Weinstein’s contract allowed his misbehaving

    Bill Clinton was a rank amateur compared to this guy..

    Harvey Weinstein’s company might have wrongfully terminated the disgraced Hollywood producer. According to TMZ, Weinstein’s contract supposedly allowed for him to be sued for sexual harassment.

    The report claims that Weinstein’s 2015 contract states he can get sued for any type of misconduct – including sexual harassment – and that all Weinstein needs to do is pay up and he is in the clear.

    According to TMZ, the contract outlined how TWC could fine Weinstein and under what circumstances they could fire him:
    According to the contract, if Weinstein "treated someone improperly in violation of the company's Code of Conduct," he must reimburse TWC for settlements or judgments. Additionally, "You [Weinstein] will pay the company liquidated damages of $250,000 for the first such instance, $500,000 for the second such instance, $750,000 for the third such instance, and $1,000,000 for each additional instance."

    There's another provision ... he can be fired for "the perpetuation by you [Weinstein] of a material fraud against the company." The question ... where's the fraud? Lance Maerov, the board member who negotiated Weinstein's 2015 contract, said in an interview -- and we've confirmed -- the Board knew Weinstein had settled prior lawsuits brought by various women, but they "assumed" it was to cover up consensual affairs. The Board's assumption does not constitute fraud on Weinstein's part.

    More surprisingly is how TWC fired Weinstein, supposedly without giving a specific reason, which could potentially violate the terms of his contract:

    And here's the kicker. Even if Weinstein had committed fraud by not fully informing the Board of Directors, the contract says before he can be fired he has a right to mediation and if that doesn't work, he's entitled to arbitration. He got neither. He was summarily fired, and sources connected with Weinstein tell TMZ he was never given a specific reason.
    http://www.dailywire.com/news/22228/...-ryan-saavedra
    Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.

  • #2
    His contract might "allow" it, but the law doesn't.
    Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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    • #3
      Originally posted by Mountain Man View Post
      His contract might "allow" it, but the law doesn't.
      Just goes to show you how perverse Hollywood is, where else would a sexual predator have harassment privileges written into their contract?
      Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.

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      • #4
        His brother Bob, currently President of the company, says that he will not get his job back no matter what. He said he voted to fire him as well.
        Tacitos, Satrap of Kyrene

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        • #5
          Originally posted by TacCovert4 View Post
          His brother Bob, currently President of the company, says that he will not get his job back no matter what. He said he voted to fire him as well.
          I predict the company will not last, as the terms of his agreement allowed for paying off his victims, the cat is out of the bag now.
          There will be a such a long list of victims filings claims the company will go under.
          Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.

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          • #6
            I doubt that a contract that allowed criminal behavior is enforceable...

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            • #7
              It was his company, he could make up his own contract...which is likely what he did.

              I doubt the company would go under. Firstly, it likely has insurance for civil suits. Secondly, the company owns the rights to an extensive number of movies. https://en.wikipedia.org/wiki/List_of_Miramax_films Even if it loses a bunch in any lawsuits, it will still have rights money coming in.

              I did find something I didn't expect, Miramax is parent companied by this: https://en.wikipedia.org/wiki/BeIN_Media_Group

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              • #8
                MORE ON:
                HARVEY WEINSTEIN

                Two more women come forward with Weinstein allegations
                Harvey Weinstein‘s employment contract reportedly said that the movie mogul could treat someone “improperly” as long as he shelled out money for damages.

                The disgraced studio head’s 2015 contract specified how he could violate The Weinstein Company’s “Code of Conduct” if he reimburses them for any settlements or judgements, according to TMZ.

                “You [Weinstein] will pay the company liquidated damages of $250,000 for the first such instance, $500,000 for the second such instance, $750,000 for the third such instance, and $1,000,000 for each additional instance,” the contract states, according to the website.
                A board member who negotiated the contract told TMZ that they had known Weinstein settled lawsuits, but they assumed it was to cover up consensual affairs with women.
                https://pagesix.com/2017/10/12/weins...-paid-damages/
                They are done...
                Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.

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                • #9
                  The lawyers are drooling,

                  Harvey Weinstein’s Media Powerhouse Comes Crashing Down

                  With its co-founder on leave, an internal investigation underway, and board members resigning, can The Weinstein Company survive?
                  Hours after The New York Times published a bombshell report detailing decades of alleged sexual harassment by Harvey Weinstein, the powerful Hollywood executive’s production studio hastily convened a bicoastal staff meeting to assess the damage, reassure staff, and chart the future of The Weinstein Company without its combative and hard-charging co-founder . “We are going to be O.K.,” President and C.O.O. David Glasser said, two people who attended the meeting told the Times.

                  But without Weinstein, The Weinstein Company is in trouble. One-third of the company’s all-male board resigned on Friday, Weinstein announced that he would be taking an indefinite leave, effective immediately, and the remaining members of the board hired an outside law firm to conduct an internal investigation. The departed board members include Dirk Ziff, a billionaire investor; Marc Lasry, owner of the Milwaukee Bucks and chief executive of investment firm Avenue Capital Group; and Tim Sarnoff, president of production services and deputy chief executive of Technicolor. The status of Paul Tudor Jones, a billionaire hedge fund manager who is another major stakeholder in The Weinstein Company, is unknown. Glasser and Bob Weinstein, Harvey’s brother, are now in charge of the studio, which the brothers co-founded in New York City in 2005 after leaving Miramax. (Disney, which bought Miramax from the Weinsteins in 1993 for $80 million, sold the entertainment company to a group of investors in 2010 for more than $660 million.)

                  https://www.vanityfair.com/hollywood...certain-future
                  Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.

                  Comment


                  • #10
                    Originally posted by Urban hermit View Post
                    I predict the company will not last, as the terms of his agreement allowed for paying off his victims, the cat is out of the bag now.
                    There will be a such a long list of victims filings claims the company will go under.

                    I think that you are right.
                    The fact that the company entered into this kind of agreement establishes that they were aware of actions and his use of his position to harass women.
                    That makes them complicit and potentially liable for those actions.
                    They are probably looking for ways to liquidate and protect their personal assets now.
                    Avatar is General Gerard, courtesy of Zouave.

                    Churchill to Chamberlain: you had a choice between war and dishonor. You chose dishonor, and you will have war.

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                    • #11
                      Tomi is good, but the 2nd half has the real meat of the story.

                      If you want to see Tucker Carlson say "good for her" when the Her is Rachel Maddow then you gotta see this!

                      NBC is in some deep do-do over this... wow.


                      https://www.youtube.com/watch?v=cO4q_lAhzFw&t=4s

                      Last edited by The Exorcist; 15 Oct 17, 22:54.

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                      • #12
                        From the linked photo example below;

                        Just having a look at the famous Hollywood sign on the hillside says a lot about the deteriorating morels of the movie industry that originated there.


                        The degrading of women, the extreme gun violence in the movies, the hate all conservatives politics, the drugs, the private islands where anything goes, the excessive money, the spoiled brat behavior, is it any wonder why the public is starting to get turned off to such brain poisoning?
                        “Breaking News,”

                        “Something irrelevant in your life just happened and now we are going to blow it all out of proportion for days to keep you distracted from what's really going on.”

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                        • #13

                          http://www.gopusa.com/harvey-the-hutt/

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                          • #14
                            YADAYADAYADA...why is ANYONE surprised that this whole mentality of tits for tat has not been alive and well - especially in a place and business such as Hollywood and the film/entertainment industry?
                            ARRRR! International Talk Like A Pirate Day - September 19th
                            IN MARE IN COELO

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                            • #15
                              Originally posted by SRV Ron View Post
                              The degrading of women, the extreme gun violence in the movies, the hate all conservatives politics, the drugs, the private islands where anything goes, the excessive money, the spoiled brat behavior, is it any wonder why the public is starting to get turned off to such brain poisoning?
                              Hollywood has always been like that.

                              Comment

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