Ebony, Willard Jackson

Ebony, Willard Jackson

Ebony Magazine Removes CEO Willard Jackson While Investigating Transactions, Promises To Make Good On Employee Pay

Ebony Magazine Removes CEO Willard Jackson While Investigating Transactions, Promises To Make Good On Employee Pay

7/6/2020 12:44:00 AM

Ebony Magazine Removes CEO Willard Jackson While Investigating Transactions, Promises To Make Good On Employee Pay

The board of directors of Ebony Magazine has removed CEO Willard Jackson , Jr. after an an independent inquiry into a number of unspecified transactions led by him raised questions. The investigatio…

, Jr. after an an independent inquiry into a number of unspecified transactions led by him raised questions. The investigation is ongoing, the company said, but would not detail what that entailed or its effect on the publication.“The board of directors individually and collectively understands the legacy and value of Ebony to Black communities globally,” said Jacob Walthour Jr., newly-elected chairman of Ebony’s board and cofounder of Blueprint Capital Advisors, a black-owned asset manager. “Founder John H. Johnson conducted himself and Ebony business with a level of class, integrity, and honor that has come to define Black professionalism in America. While the Board expects that Ebony will always need to adapt its business model to stay relevant, it must never compromise the core values of Mr. Johnson.”

Wildfires have destroyed more than 73,000 acres across 3 states and are spreading fast Turnpike Troubadours' Evan Felker Says He's Sober, Focused on Music in New Interview One Tough Question For DOJ If Biden Is Elected: Whether To Prosecute Trump

The board of directors said it will appoint an interim CEO and operating committee. As part of the board’s engagement, they are prioritizing the payment of delinquent compensation to Ebony employees, but didn’t provide further details on what was owed or the reason for the delay.

Jackson is a partner in CVG Group, which purchased Ebony in 2016.  The acquisition was financed by Parkview Capital Credit Inc. (PCC) through a series of loans.  The management of PCC was recently taken over by Blueprint Capital Advisors in April 2019.

Read more: Deadline Hollywood »

Pats Kicker Justin Rohrwasser Gets Three Percenters Tattoo RemovedJustin Rohrwasser has delivered on his promise ... the Patriots kicker has removed a controversial tattoo from his arm after a public outcry, TMZ Sports has learned. Now it’s a remaining 97% to remove him... He plays for the patriots. I’m surprised he didn’t just cover it up with a swastika

Kylie and Kendall Jenner Respond to Accusations of Not Paying Factory WorkersOn Thursday, the reality star sisters released a statement on their joint Instagram account claiming their label currently has no ties with a company accused of not paying their employees. TooFab They shouldn’t speak for nobody...... the worst people ever !!!! No role models straight trash TooFab Liars TooFab How much do they pay y’all for this? 🙄

‘Blasphemous’ Film ‘Habit’ Starring Paris Jackson as Jesus Sparks Petition to Block ReleaseNearly 300,000 people have signed a petition aiming to block the release of the independent film “Habit,” starring Bella Thorne and Paris Jackson, in which Jackson plays a version of Je… I will gladly review the film. I’d review it, why not? I'd watch

Forbes Says Kim Kardashian Isn't a Billionaire EitherThe magazine has escalated its unexpected financial feud with the reality TV family. Lord have mercy. Can this overexposed, under talented family fade away please? Oh dear! Fake billionaires love other fake billionaires.

Tech Giants to Face EU Legal Push on Content, Competition, TaxesGoogle, Amazon and Facebook face proposed European rules aimed at curbing their alleged anticompetitive behavior, making them pay more taxes and compelling them to shoulder more responsibility for illegal content. What goes around what comes around now it's coming

The Feel-Good Salad You'll Be Making On Repeat All SeasonStarring peas, asparagus, avocado, and a creamy avocado-citrus dressing. Done for today. Cabbage galore!! greens nothingelse greensoul Check and try my different foodrecipes. I am sure you will like these recipes Oooouuu yum! 😍♥️😋