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February 22, 2018

Are female-led companies the answer to solving sexual misconduct issues at work?

  • Promoting more women to boards and the C-Suite is considered a critical step, but critics caution it is not enough.
    • By ALEXANDRA OLSON
    Associated Press

    NEW YORK — The Weinstein Co. thought it had found a path to survival. A group of investors led by a respected businesswoman offered to acquire the company, rebrand it and install a female-led board of directors. It was an eye-catching idea in a country where men dominate corporate boards in almost every industry.

    Unmoved, New York Attorney General Eric Schneiderman threw a wrench in the deal, filing a lawsuit against the company partly out of concern that executives who failed to protect Harvey Weinstein's accusers would continue to run the operation. Swiftly, the Weinstein Co. fired its president and chief operating officer, David Glasser, late Friday, only five days after the lawsuit. A statement announcing the firing was released to the Los Angeles Times and the New York Times.


     
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