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Stock impact report

Harvey Weinstein Ousted From Motion Picture Academy [CNBC]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: CNBC
show chapters LOS ANGELES — Hollywood's de facto governing body, the Academy of Motion Picture Arts and Sciences, voted overwhelmingly on Saturday to immediately expel Harvey Weinstein, breaking with 90 years of precedent and turning one of the biggest Oscar players in history into a hall-of-fame pariah. The academy's 54-member board of governors made the decision at an emergency session after investigations by The New York Times and The New Yorker that revealed sexual harassment and rape allegations against him going back decades. In a statement, the academy said the vote was well in excess of the required two-thirds majority. It added, We do so not simply to separate ourselves from someone who does not merit the respect of his colleagues but also to send a message that the era of willful ignorance and shameful complicity in sexually predatory behavior and workplace harassment in our industry is over. What's at issue here is a deeply troubling proble Show less Read more
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