Weinstein Resigns From Board of New York's Robin Hood Foundation

Why the Weinstein Scandal May Be a Watershed Moment

Harvey Weinstein, the movie mogul accused of sexual harassment and assault in recent days, quit the board of the Robin Hood Foundation, the New York-based anti-poverty charity where he rubbed shoulders with Wall Street and media elite.

The former co-chairman of Weinstein Co. stepped down from the board over the weekend, Victoria Grantham, a spokeswoman for the organization, said Tuesday in an email, without elaborating. A representative for Weinstein declined to comment.

Weinstein has been a fixture at glizty high-profile galas for the Robin Hood Foundation, which calls itself New York’s largest poverty-fighting organization. The disgraced movie producer was one of 4,000 guests at its annual fundraiser in May 2015, where hedge fund investors said they would make it “rain” money.

Weinstein sat on the board served along alongside major figures from the financial and business world, including Paul Tudor Jones, its founder. Jones resigned as a board member of the Weinstein Co. over the weekend.

Started in 1988, the foundation raised $54.5 million at a May benefit, driven by a $15 million donation from billionaire Ken Griffin, founder of the hedge fund Citadel. The annual event is one of the country’s largest fundraisers for any cause. It typically draws a powerful mix of Wall Street titans, politicians, nonprofit innovators and celebrities.

Weinstein was fired from his company over the weekend after a New York Times story said he’d paid settlements to eight women who accused him of sexual harassment. The New Yorker reported Tuesday on three women who say they were raped by the filmmaker. The magazine also said that a number of employees were aware of his behavior, abetting his actions or looking the other way. 

A spokeswoman for Weinstein told the publication he denies any allegations of non-consensual sex.

Meanwhile the fallout is affecting the company he founded with his brother Robert, who continues to run the company with Chief Operating Officer David Glasser.

Apple Inc. decided not to move forward with a miniseries about Elvis Presley that was being produced by the company, according to the Hollywood Reporter.

— With assistance by Katia Porzecanski, and Amanda L Gordon

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