Billionaire financier Marc Lasry revealed Thursday he will step down as chairman of Ozy Media, simply days after The New York Times reported the business’s COO impersonated a YouTube executive on a call with possible financier Goldman Sachs.
Lasry, who is likewise owner of NBA champs the Milwaukee Bucks and CEO of Avenue Capital Group, was called chairman of Ozy Media precisely 3 weeks earlier.
“I believe that going forward Ozy requires experience in areas like crisis management and investigations, where I do not have particular expertise,” Lasry stated in a declaration revealing his relocation. He included that he stays a financier in Ozy Media.
The New York Times story released Sunday night called into concern much of the marketing and journalistic practices at Ozy Media, a digital media start-up. Ozy Media consistently inflated its viewership numbers on YouTube and other platforms and misattributed radiant commentary about itself in marketing, according to the New York Times story and numerous follow-up reports in other outlets
Most especially, the business’s board excused the habits of its COO Samir Rao who supposedly impersonated the YouTube executive, by blaming the event on Rao’s psychological health. The business’s board revealed Tuesday that it asked Rao to take a leave of lack while it examined the claims in the Times’ report.
