Glasser out at TWC
Less than a week after his presence as a top executive of the embattled Weinstein Co. helped de-rail a sale of the nearbankrupt studio, David Glasser is toast.
The company has fired the 46-year old studio president and chief operating officer for failing to act when employees complained about the alleged abusive behavior of co-founder Harvey Weinstein.
It was not immediately known if Glasser’s ouster would re-kindle talks between a bidding group led by Maria Contreras-Sweet and The Weinstein Co. board.
The Post reported first last Sunday, based on sources familiar with the situation, that the Contreras-Sweet group backed away from a near certain $500 million acquisition of TWC because New York Attorney General Eric Schneiderman was insisting on placing a monitor on the studio’s board.
Schneiderman’s suit claimed Glasser was a major reason employees rights were allegedly violated — and the law man feared Glasser would be name CEO.
Hours after the group led by Contreras-Sweet, the head of the Small Business Administration under President Obama, backed away from the deal Schneiderman sued the studio — and Harvey Weinstein and his brother, Robert — for failing to protect the rights of its workers from Harvey Weinstein’s alleged abusive acts.
During the week, Contreras-Sweet and Schneiderman were said to be ready to start talks to clear the way for a possible sale.