The Weinstein Co. board of directors has terminated Harvey Weinstein, effective immediately, less than a week after the New York Times published a report alleging decades of sexual harassment allegations against the Hollywood super-producer and Democratic party donor.
“In light of new information about misconduct by Harvey Weinstein that has emerged in the past few days, the directors of The Weinstein Company […] have determined, and have informed Harvey Weinstein, that his employment with The Weinstein Company is terminated, effective immediately,” TWC’s board of directors said in a statement released Sunday.
The company, which Weinstein co-founded and thrust into perennial Oscar glory, decided within days of announcing that its embattled boss would take an indefinite leave of absence.
In the wake of the Times bombshell report, three of the nine members of The Weinstein Company board — including billionaire publishing heir Dirk Ziff, Milwaukee Bucks co-owner Marc Lasry, and Technicolor Deputy CEO Tim Sarnoff — resigned.
Weinstein had hired high-powered attorney Charles Harder, who won a $140 million settlement for Hulk Hogan against Gawker, before the Times story broke. But hours after the story went to print, Weinstein vowed to sue the paper for $50 million over what he called its “reckless reporting” and “inability to be honest with me” about the term of an alleged previous agreement.