Billionaire investor Marc Lasry introduced Thursday he’ll step down as chairman of Ozy Media, simply days after The New York Instances reported the corporate’s COO impersonated a YouTube govt on a name with potential investor Goldman Sachs.
Lasry, who can also be proprietor of NBA champions the Milwaukee Bucks and CEO of Avenue Capital Group, was named chairman of Ozy Media precisely three weeks in the past.
“I imagine that going ahead Ozy requires expertise in areas like disaster administration and investigations, the place I shouldn’t have explicit experience,” Lasry stated in an announcement saying his transfer. He added that he stays an investor in Ozy Media.
The New York Instances story printed Sunday night time referred to as into query most of the promotional and journalistic practices at Ozy Media, a digital media start-up. Ozy Media routinely inflated its viewership numbers on YouTube and different platforms and misattributed glowing commentary about itself in promoting, in keeping with the New York Instances story and several other follow-up studies in different retailers
Most notably, the corporate’s board excused the conduct of its COO Samir Rao who allegedly impersonated the YouTube govt, by blaming the incident on Rao’s psychological well being. The corporate’s board introduced Tuesday that it requested Rao to take a depart of absence whereas it investigated the claims within the Instances’ report.