Former SBA Administrator, Maria Contreras-Sweet is leading an investment group that includes billionaire, Ron Burkle that is said to be close to finalizing an acquisition of the company founded by Harvey Weinstein. Her proposal includes the establishment of a settlement fund for victims of Weinstein’s alleged sexual abuse. Contreras-Sweet says that she will establish a new board that will include a majority of women. The former Obama cabinet official has a background in banking and politics but not in entertainment, so it is not clear if she would manage the day-to-day operations of the film and media company. Nonetheless, having a Latina leading one of the most significant entertainment companies in the industry would be an important step forward in a town where few positions of power have ever been shared.
Category: MediaBy Gary Acosta
Author: Gary Acosta
Gary Acosta is an entrepreneur, public policy advocate, investor, and thought leader passionate about advancing prosperity for Latinos and other underserved communities.