Together with his typical bluster, Shane Smith introduced on Tuesday that he had surrendered his chief govt job at Vice Media to Nancy Dubuc, the chief govt of A&E Networks, saying the 2 of them had been a “modern-day Bonnie and Clyde” who would “take all of your cash.”
Mr. Smith mentioned he would stay on the firm as govt chairman of its board, working intently with Ms. Dubuc and specializing in content material and deal-making. He positioned the manager shake-up as a transfer to “strategically place the corporate for its subsequent part of development” by bringing in a “best-in-class administration workforce.”
Mr. Smith, 48, is without doubt one of the founders of Vice, which began as a free punk journal in Montreal in 1994 and has reworked into a world firm with about 3,000 staff. Backed by media giants just like the Walt Disney Firm and 21st Century Fox, Vice now spans a TV community, a digital presence, a film-production firm and applications on HBO.
Ms. Dubuc, 49, is taking up the chief govt position at an organization that has confronted a reckoning over sexual harassment previously a number of months. In December, a New York Instances investigation detailed the mistreatment of women on the firm and located 4 settlements involving allegations of sexual harassment or defamation in opposition to Vice staff. As well as, greater than two dozen girls mentioned that they had skilled or witnessed sexual misconduct on the firm, together with undesirable kisses, groping, lewd remarks and propositions for intercourse.
In response to the Instances report, Mr. Smith and Suroosh Alvi, co-founders of the corporate, mentioned in a press release that “from the highest down, now we have failed as an organization to create a secure and inclusive office the place everybody, particularly girls, can really feel revered and thrive.” Within the months that adopted, Vice’s chief digital officer left the company after it regarded into harassment allegations in opposition to him. The corporate’s president, Andrew Creighton, has been on go away. In the meantime, the corporate faces a lawsuit from a former employee who mentioned that the corporate marginalized girls and discriminated in opposition to them by paying them much less.
In a memo to staff signed “Love S,” Mr. Smith made no particular point out of points associated to sexual harassment however referred to the corporate’s earlier promise of 50-50 female-male illustration at each stage by 2020.