The board of administrators of on-line information journal Ozy Media stated it was conducting an investigation into the corporate’s enterprise practices following a New York Occasions report that raised questions concerning the firm.
In a press release, Ozy’s board of administrators—which incorporates Milwaukee Bucks co-owner
—stated that it has employed the regulation agency Paul, Weiss, Rifkind, Wharton and Garrison LLP to “conduct a evaluate of the corporate’s enterprise actions.”
On Sunday, the New York Times reported that Ozy Chief Working Officer
impersonated an govt from
YouTube on a fundraising name with
Goldman Sachs Group Inc.
Ozy’s CEO, stated in a statement on Twitter Sunday that Mr. Rao’s conduct on the decision was “deeply unlucky” and attributed his conduct to a psychological well being problem.
In its assertion, the board stated that it has requested Mr. Rao to take a go away of absence pending the investigation. The board stated that
the previous govt president and chief monetary officer of Hearst Tv, has agreed to function interim CFO in the course of the evaluate.
Write to Benjamin Mullin at [email protected]
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Appeared within the September 29, 2021, print version as ‘Ozy Media Administrators Examine Practices.’