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Vice C.E.O.’s Departure Signals Fallen Hopes for Digital Media

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February 25, 2023
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Vice C.E.O.’s Departure Signals Fallen Hopes for Digital Media
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She additionally nodded to different enhancements underneath her management, together with making a extra inclusive office atmosphere. Ms. Dubuc joined Vice shortly after investigations into the corporate’s tradition, together with by The Occasions, revealed incidents of sexual harassment towards ladies who labored for the corporate.

“I do know you might be among the many most resilient, inventive and decided expertise within the enterprise, and your futures are vibrant and hopeful,” Ms. Dubuc wrote in her e mail. “Bear in mind what I attempt to remind you, and that’s to understand how far you’ve come.”

Reached by cellphone on Friday, she declined to remark additional.

In a press release, Vice’s board stated Ms. Dubuc had joined the corporate throughout a vital interval and “positioned the corporate for long-term success,” including that Vice would quickly announce new management for the corporate.

Vice declined to touch upon its boardroom deliberations.

Ms. Dubuc changed Shane Smith, a founding father of Vice, who had struck a collection of offers that drove the corporate’s valuation ever greater however left it with onerous monetary obligations to its more and more anxious traders, who have been antsy for an exit.

There was a significant level of pressure originally of Ms. Dubuc’s appointment.

In March 2018, Vice’s board of administrators gathered over teleconference in a particular session to pick out its new chief government, in keeping with a duplicate of the minutes of the assembly obtained by The Occasions and two folks with data of the board’s deliberations. Mr. Smith, a board member, instructed different administrators that leaks to the press have been forcing the corporate to hurry up a few of its decision-making.

As well as, Kevin Mayer, a board member who was then a high-ranking government at Disney, expressed frustration that he didn’t find out about Ms. Dubuc’s potential hiring till it had reached the ultimate levels. Disney had an possession stake in Vice and A&E Networks, the place Ms. Dubuc was chief government.

Nonetheless, the board authorized Ms. Dubuc’s rent, expressing optimism that an skilled government together with her observe report may deal with the cultural points at Vice and enhance its monetary efficiency forward of a possible sale. Mr. Mayer, who was irate, abstained from the vote.

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Tags: CEOsdeparturedigitalFallenhopesMediaSignalsvice
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