News About WME Entertainment Board…

COMMENTS (12)

• Why doesn’t Endeavor just add a 5th member to their
  board ? How silly. Probably to Ari it’s his own little head-game that he has more control then Jim Wiatt has.
  So, Ari controls 1 and 1/4 of the Board’s vote while Jim Wiatt is only in control of 1 percent of the Vote.
  I get it.

  Comment by none — Tuesday April 28, 2009 @ 11:29am PDT  Reply to this post

• That’s 12.5% for each Endeavor vote and 10% for each WMA vote…. My question: why have a board that can easily split a vote exactly 50/50?

  Comment by observer — Tuesday April 28, 2009 @ 12:04pm PDT  Reply to this post

• I guess the whole merger is newsworthy stuff, but to this extent? Do people who read this site really want to know every detail?

  Comment by Chris — Tuesday April 28, 2009 @ 12:29pm PDT  Reply to this post

• “None.” In addressing another angle to your observation.

  Purely tactical move.

  A mis-tep from a one percenter – forced or otherwise, sickness or death – potentially power shifts everything Emanuel’s way eroding WMA’s situational status within the new entity permanently it being all in the numbers.

  I guess Wiatt figures – once I’m gone, why do I care? Definitely a sucker punch in the negotiation however that Wiatt either thinks he can withstand; or didn’t catch – possibly a combination of the two.

  Emanuel’s “gamed” the board basically.

  Good times ahead – no doubt about it. (Not.)

  Comment by Laura Reynolds — Tuesday April 28, 2009 @ 12:47pm PDT  Reply to this post

• A deadlocked boardroom and 3 Co-CEO’s?

  This is a corporation specifically designed to revive the atmosphere of the Roman Coliseum and create ulcers & heart attacks.

  Comment by ReelBusy — Tuesday April 28, 2009 @ 1:50pm PDT  Reply to this post

• this probably has to do with Strickler resigning, which would have been the even fifth board seat & vote for END

  Comment by oldmantime — Tuesday April 28, 2009 @ 2:06pm PDT  Reply to this post

• And in the event of a tie vote— THUNDERDOME!!!

  It’s true, they’ve commissioned the building of a thunderdome where their assistants used to park. There agency bosses will battle, if not to the death, at least until someone’s bruised, to decide who gets the office with the extra big private bathroom.

  Comment by Furious D — Tuesday April 28, 2009 @ 2:08pm PDT  Reply to this post

• Names? What about the powerhouses Carlson and Gasmer? They both have a stellular client list.

  Comment by Curious — Tuesday April 28, 2009 @ 2:18pm PDT  Reply to this post

• How about the artists? Why don’t they get a vote? Without artists, there are no agents and therefore no board, and no seven figure salaries for no-talent parasites.

  Comment by The Denogginizer — Tuesday April 28, 2009 @ 4:58pm PDT  Reply to this post

• I think it is fairly obvious how this worked. WMA is the big fish here so they demanded the obvious show of dominance by having more members. Endeavor is not agreeing to be second fiddle, so they compensated for allowing WMA the outward showing, but evening it out behind the scenes. Each side saves face.

  Egos, Egos, Egos … and now the board can be deadlocked 5-5.

  Comment by ClearingStuffUp — Tuesday April 28, 2009 @ 7:22pm PDT  Reply to this post

• Is the voting tilt permanent? If one of the WMA members leaves is each Endeavor rep still going to have that extra quarter? It seems like a loaded solution. . . we’ll see whether it comes back to bite.

  Comment by A. Rubin — Tuesday April 28, 2009 @ 8:26pm PDT  Reply to this post

• very smart of endeavor. it’s easier to get 4 people to agree than 5. also, if someone wants to tilt a vote, it’s the endeavor board members are worth more, b/c their votes are weighted.

  ari 1, jimmy, 0.

  Heard Cara Stein is moving to CAA – true or false?

  Comment by Anonymous — Wednesday April 29, 2009 @ 8:13am PDT  Reply to this post