Did you know that harvey weinstein’s contract with The Weinstein Company – owned by him and his brother Bob, allows him to continue in his capacity there even if he is successfully sued for sexual harassment – as long as he reimburses the company for any money it has to pay out?
But Hollywood brings us the unbelievable every day – and this appears to be a prime example.
From an unbylined article at tmz.com:
TMZ is privy to Weinstein’s 2015 employment contract, which says if he gets sued for sexual harassment or any other “misconduct” that results in a settlement or judgment against TWC, all Weinstein has to do is pay what the company’s out, along with a fine, and he’s in the clear.
According to the contract, if Weinstein “treated someone improperly in violation of the company’s Code of Conduct,” he must reimburse TWC for settlements or judgments. Additionally, “You [Weinstein] will pay the company liquidated damages of $250,000 for the first such instance, $500,000 for the second such instance, $750,000 for the third such instance, and $1,000,000 for each additional instance.”
The contract says as long as Weinstein pays, it constitutes a “cure” for the misconduct and no further action can be taken. Translation — Weinstein could be sued over and over and as long as he wrote a check, he keeps his job.
Many contracts have a “moral turpitude” clause which, in essence, says that the company can fire someone who is demonstrably a lowlife scumbucket.
weinstein, it seems, has a moral twerpitude contract – i.e. he can do it as many times as he wants, if he has enough money to pay off the company.
Anyone out there doubt that weinstein’s contract was written this way because everyone there knew who and what he was, thus knew the potential for such legal actions?
What a stinkbomb this “man” is. And what a stinkbomb contract he signed.
Hollywood at its, er, “finest”.