The Weinstein contract

I can’t get sufficient of the Harvey Weinstein scandal. Talking of intersectionality, which I by no means have, we discover ourselves at a very bloody crossroads of Hollywood, media, crime, intercourse, regulation, tradition and Democratic politics. And it’s not over but. New story traces open up each day. Good grief! Get with Mr. and Mrs. Ammo Grrlll and tune in in the event you haven’t achieved so but.

Now TMZ experiences on the bizarre contractual provisions in Weinstein’s employment settlement along with his pseudonymous firm. Because the headline has it, “Harvey Weinstein contract with TWC ALLOWED FOR SEXUAL HARASSMENT” (caps in authentic).

TMZ claims it’s “aware about Weinstein’s 2015 employment contract.” TMZ doesn’t expressly state the contract was present as of Weinstein’s termination by the corporate this week, nevertheless it implies that it’s, and it doesn’t present a replica of the contract. Moderately, it summarizes sure provisions of curiosity:

TMZ is aware about Weinstein’s 2015 employment contract, which says if he will get sued for sexual harassment or some other “misconduct” that leads to a settlement or judgment towards TWC, all Weinstein has to do is pay what the corporate’s out, together with a fantastic, and he’s within the clear.

In line with the contract, if Weinstein “handled somebody improperly in violation of the corporate’s Code of Conduct,” he should reimburse TWC for settlements or judgments. Moreover, “You [Weinstein] can pay the corporate liquidated damages of $250,000 for the primary such occasion, $500,000 for the second such occasion, $750,000 for the third such occasion, and $1,000,000 for every further occasion.”

The contract says so long as Weinstein pays, it constitutes a “remedy” for the misconduct and no additional motion may be taken. Translation — Weinstein might be sued time and again and so long as he wrote a verify, he retains his job.

The contract has particular language as to when the Board of Administrators can hearth Weinstein — if he’s indicted or convicted of a criminal offense, however that doesn’t apply right here.

There’s one other provision … he may be fired for “the perpetuation by you [Weinstein] of a fabric fraud towards the corporate.” The query … the place’s the fraud? Lance Maerov, the board member who negotiated Weinstein’s 2015 contract, mentioned in an interview — and we’ve confirmed — the Board knew Weinstein had settled prior lawsuits introduced by varied ladies, however they “assumed” it was to cowl up consensual affairs. The Board’s assumption doesn’t represent fraud on Weinstein’s half.

Allahpundit feedback on the contract within the Scorching Air submit “Pay to prey.” On this facet of the story are new frontiers in employment contracts and company corruption.

We sense the probabilities within the inexhaustibly wealthy story. A compelling film sequence alongside the traces of the Bourne variations awaits its producer, all resulting in The Weinstein Contract: The Weinstein Id, The Weinstein Supremacy, The Weinstein Ultimatum, The Weinstein Legacy. On this sequence, nonetheless, excessive reminiscence loss is the remedy reasonably than downside.


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