“In stewarding the iconic brands of PGM, Guggenheim Digital Media will forge even stronger partnerships across all Guggenheim-related media and entertainment assets, including Dick Clark Productions,” Todd Boehly, president of Guggenheim Partners, wrote in an announcement, as initially reported by Adweek. “GDM will also make new, ground-breaking investments and partnerships in the music, media, technology, and digital entertainment spaces that meaningfully build on and expand our current portfolio. And, while new digital media investments will be a core focus going forward, we also plan to continue our investment in both the print versions and live events of our existing properties.”In addition to his two-year term at Yahoo, Levinsohn has spent time in traditional media—mainly television. He has worked with HBO, CBS Sportsline and Fox Interactive. While his background seems to be mainly in digital and broadcast media, the new CEO reassured his new team that traditional magazine media still has a place in the company.”While there’s digital in the title of this company, the importance of print goes without saying,” he said in a meeting with New York employees, Adweek reports. “I don’t think print is something that goes away.” Stay updated on the latest FOLIO: news, follow us on Facebook & Twitter! Yahoo’s former interim-CEO Ross Levinsohn (pictured) may have been passed over for Marissa Mayer this summer, but he is now back in an executive driver’s seat—this time as CEO of Prometheus Global Media, publisher of Adweek, The Hollywood Reporter, Back Stage and Billboard, among others. In an additional change-up that comes with the new CEO, the company has been renamed Guggenheim Digital Media (GDM), according to an announcement posted on Adweek. Financial services firm Guggenheim Partners has acquired the remaining stake in Prometheus from Pluribus Capital.This is the second CEO change up for the company in the last six months—in July, Guggenheim Partners senior managing director Dottie Mattison was named CEO of Prometheus Global Media. Mattison will stay on as a member of the board of GDM.
Google’s board of directors and executive leadership have been accused of covering up allegations of sexual harassment against former executives. Getty Images A Google shareholder has filed a lawsuit against the company’s executive officers and board of directors, alleging the company concealed sexual misconduct allegations against former executives.The lawsuit, filed by shareholder James Martin, stems from hefty severance packages Google reportedly gave executive Andy Rubin, the creator of the Android mobile operating system, and Amit Singhal, head of Google’s search unit until 2016. Allegations of sexual harassment against the two men were found to be credible by company investigations, according to the lawsuit.”Rubin was allowed to quietly resign by defendants Larry Page and Sergey Brin after an internal investigation found the allegations of sexual harassment by Rubin to be credible,” according to the complaint, filed Thursday in California state court. “While at Google, Rubin is also alleged to have engaged in human sex trafficking — paying hundreds of thousands of dollars to women to be, in Rubin’s own words, ‘owned’ by him.”The lawsuit comes during a period of prominent figures in industries ranging from politics to entertainment being toppled by revelations of sexual harassment or sexual assault. In the tech industry, companies like Uber have wrestled with accounts of work environments fraught with varying degrees of sexual harassment. High-profile venture capitalists like Chris Sacca and Dave McClure have been unseated, as well, over sexual harassment allegations. Google paid Rubin $90 million after Page asked for his resignation following an allegation Rubin coerced a female employee into performing oral sex in a hotel room in 2013, according to a New York Times report in October. Singhal stepped down as Uber’s senior vice president of engineering in 2017 after the ride-hailing company discovered he’d allegedly been accused of sexual harassment while he was employed at Google. He resigned from Google in 2016 after reportedly being accused of sexually harassing a female employee in a different department at Google.Rubin and Singhal have denied the allegations. The lawsuit accuses the board and executives of breach of fiduciary duty, unjust enrichment, abuse of power and corporate waste. Defendants include Page and Brin, former Chairman Eric Schmidt, CEO Sundar Pichai, former human resources director Laszlo Bock, chief legal officer David Drummond, Rubin and Singhal, among others.A similar lawsuit was filed Wednesday by Northern California Pipe Trades Pension Plan and Teamsters Local 272 Labor Management Pension Fund.In November, Google employees around the world staged a coordinated walkout to protest the company’s handling of the sexual harassment allegations. The walkout’s organizers said more than 20,000 full-time workers and contractors participated in the Nov. 1 protest.Some of the Google employees involved in the walkout released a statement Thursday in support of the lawsuits.”We have all the evidence we need that Google’s leadership does not have our best interests at heart,” they said.Google didn’t immediately respond to a request for comment. 0 Post a comment iHate: CNET looks at how intolerance is taking over the internet. Solving for XX: The industry seeks to overcome outdated ideas about “women in tech.” Tech Industry Tags The top 10 products of CES 2019 Share your voice 10 Photos Google
The Greater Houston Storm Relief FundHouston mayor Sylvester Turner has created what he’s calling the Greater Houston Storm Relief Fund to accept flood recovery donations.Turner announced the fund today ahead of a community meeting in the Greenspoint area where he plans to answer questions and respond to concerns from residents on the north side.Waste Management donated $50,000 to open the fund and a nonprofit organization will continue to operate the fund at no cost.Turner says 100 percent of donations will go to flood victims. For more information: www.houstonrecovers.org.Salvation ArmyDelivering essential food items to flood victims. This story is being updated as more information becomes available. This story was originally published on April 19th, 2016. The American Red CrossA new shelter is opening up in the Greenspoint area at 2 p.m. on Wednesday. The American Red Cross says it is for those who are not able to remain at their homes due to storms and flooding. It is located at the New Light Christian Center, 1535 Greensmark Drive, Houston, Texas 77067. The American Red Cross urges anyone impacted by the flood can meet with a Red Cross caseworker and register their household by calling 866-526-8300 – option 1.Those who wish to donate to flood relief may do so at redcross.org/donate. Share