Goldman exploring options for stake in Weinstein Co following sexual harassment allegations | business news | Hindustan Times
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Goldman exploring options for stake in Weinstein Co following sexual harassment allegations

Goldman Sachs Group Inc said on Friday it was exploring options for the stake it holds in the Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein

business Updated: Oct 13, 2017 20:45 IST
Reuters
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Goldman Sachs,Weinstein Company,Harvey Weinstein
(FILES) This file photo taken on January 10, 2013 shows (L-R) Co-Chairman of Creative Artists Agency Bryan Lourd, director Ben Affleck and co-chairmen of The Weinstein Company Harvey Weinstein attending the 18th Annual Critics' Choice Movie Awards held at Barker Hangar in Santa Monica, California. (AFP)

Goldman Sachs Group Inc said on Friday it was exploring options for the stake it holds in the Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein.

“There is no place for the inexcusable behaviour that had been reported, and we strongly condemn it,” Andrew Williams, a spokesman for Goldman, said in an email.

He said Goldman held a stake worth less than $1 million in The Weinstein Co.

Harvey Weinstein, who has produced or distributed Oscar-winning movies including “Shakespeare in Love” and “Chicago”, was ousted from the Weinstein Co on Sunday.

The Weinstein Company did not respond to emails and calls seeking comment.