The transfers were related to Yuan's estate planning practices, a Zoom spokesperson said. "The distributions were made in accordance with the terms of Eric Yuan and his wife's trusts." Yuan, who is also the chief executive officer of the company, transferred roughly 40% of his stake in the company to unspecified beneficiaries, Zoom disclosed in a filing late on Friday.
Members of the embattled Hollywood Foreign Press Association (HFPA), the powerful group behind the Golden Globes that has come under fire for a lack of diversity, are calling for the resignation of top board members as well as its COO Greg Goeckner, TheWrap has learned. At least three members have sent separate emails to the board of directors accusing the HFPA’s current leadership of “incompetence” – as one put it – in handling the recent outcry over the group’s lack of Black members and what they view as lack of action to address the issues, four insiders told TheWrap. According to two insiders, the HFPA members are seeking the ouster of three top members: Chair Meher Tatna, President Ali Sar and Vice President Helen Hoehne — all three of whom took the stage during the Golden Globes ceremony two weeks ago to address the group’s lack of diversity. Two of the sources said the emails also sought the resignation of Goeckner, who is the association’s generous counsel in addition to COO. “There’s a feeling we need a fresh start,” said one member, who spoke on condition of anonymity. “It is time for change. Especially what has happened in last three, four years. It’s time to get the broom out of the closet.” The member was referring to financial self-dealing on the part of HFPA members, which was outlined in an expose in the LLos Angeles Times. When asked about the resignation demand, a spokesperson for the HFPA referred TheWrap to its statement on Saturday committing to “transformational change.” The resignation demand emails have not received a response from the board, the insiders said, but one said there is an emergency member meeting scheduled for Tuesday to address the recent backlash, among other issues. Another insider complained that the membership was blindsided by the statement released on Saturday committing to “transformational change… in consultation with outside advisors,” and outlining a number of specific steps that were underway, including hiring an outside law firm to “ensure we are aligned with and exceed industry best practices in other critical areas,” as the statement said. Also Read: Inside Golden Globes' Diversity Promise: Too Late for Meaningful Change? The campaign to reform the group may be thwarted by the HFPA’s own bylaws, another insider noted, since the group lacks any mechanism for the members to intervene and only elected officials and the COO can make substantive changes. Goeckner joined the HFPA in 2013 after leaving his position as a general counsel of the Motion Picture Association of America. Goeckner did not immediately respond to TheWrap’s request for comment. Recent reports by the Los Angeles Times and New York Times noted that the 87-member group doesn’t have a single Black member, despite the push for diversity in Hollywood since the #OscarsSoWhite campaign launched in 2015. As far back as 2013, TheWrap reported that a Black applicant from the U.K. was rejected by an overwhelming vote. However, observers say the recent Black Lives Matter movement has made the focus on the lack of Black members impossible to ignore in 2021. Just days before last month’s ceremony, the Time’s Up organization launched a #TimesUpGlobes protest campaign over the group’s lack of diversity. Hollywood bigwigs like Ava DuVernay, Judd Apatow and Shonda Rhimes joined in posting statements calling on the organization to make a commitment to diversify. Also Read: HFPA Commits to 'Transformational Change' to Overcome Diversity Problems During the Golden Globes ceremony on Feb. 28, the jokes started out early, with co-host Tina Fey blasting the HFPA’s “around 90 international no black journalists.” Amy Poehler then added, “We say around 90 because a couple of them might be ghosts.” Many actors — including Jane Fonda, Sacha Baron Cohen and Dan Levy — followed suit with comments during the presenting of or acceptances of awards. HFPA’s membership is majority female, and only 35% of its members are from non-European countries around the world. Read original story HFPA Members Call on Board to Resign As Diversity Crisis Rages (Exclusive) At TheWrap
The U.S. Justice Department arrested another alleged associate of the anti-government Oath Keepers militia on charges he took part in the Jan. 6 storming of the U.S. Capitol, 6, and a judge granted him bail on Monday, rejecting government requests to keep him detained. According to court papers, Roberto Minuta, 36, who owns a tattoo shop in Newburgh, New York, "berated and taunted" U.S. Capitol Police while clad in military-style gear, then attacked the Capitol and disrupted Congress as it was certifying President Joe Biden's election victory. Minuta later deleted a Facebook account to "conceal his involvement in these offenses," the court papers said.
Sony Music Publishing has signed Grammy-winning songwriter/ DJ/ producer J. White Did It, known for his collaborations with Cardi B and Megan Thee Stallion, among others, to a worldwide deal. White (aka Anthony Jermaine White) produced Cardi’s “Bodak Yellow,” “I Like It” ft. J Balvin and Bad Bunny, and “Money,” as well as “Savage” by […]
The massive coronavirus relief plan making its way to President Joe Biden’s desk includes a plan to temporarily raise the child tax credit that could end up permanently changing the way the country deals with child poverty. It also sets up a potential political showdown with Republicans over an issue that Democrats believe could drive significant wins for the party in the 2022 midterm elections and beyond. The American Rescue Plan, expected to receive final approval this week, temporarily raises the child tax credit, now at a maximum of $2,000, to as much as $3,600 per child annually.
I am Sway. Born Swayam Ranjeet Bhatia. A teenager, actress, drummer, comedian, and justice-seeker aspiring to create movements with my music and lyrics. Only recently, I’ve begun to understand that my name tells my roots’ story. Swa means “mine,” and Swayam technically means “I am,” but it’s used as “own-self.” This Sanskrit male name was chosen before my birth. My parents kept it for me when I was born a girl, and I feel its power every day. Vice President Kamala Harris’ name also holds a vital meaning. The prefix Kamal means lotus flower in Sanskrit. It symbolizes something about a plant holding deep meaning in Indian culture. When I first heard the name Kamala Harris I didn’t fully know her journey, but somehow there was an immediate connection. It’s not like hearing any other name for me, especially being Indian. It was recognizable. It sounded like one of me. I felt empowered and comforted once I learned more about her path. Also Read: Kamala Harris Celebrated as First Female VP: 'Millions of Girls Will Be Able to Dream Bigger' Kamala’s early struggles of feeling alone as the child of Indian and Jamaican immigrants were similar to mine. She has often been the only Black person, the only Indian and even the only woman in the room. At just 13, I have frequently been the only Indian in the room — in ballet class, at hip-hop dance conventions, at Broadway auditions. I’ve been “politely” approached with: “OMG, you’re a dancer. Do you do that Bollywood dance?” I remember how I felt when Kamala Harris announced her candidacy for president. I thought, if an Indian American woman could be president, then certainly, I can be an actor, dancer and songwriter. When Harris gave up her campaign, I worried, “What if she just stops here?” But she didn’t. She pushed forward — she pushed her ideas shaped by her identity. And now, she’s the first Indian American, Black American, and female Vice President of the United States. I didn’t stop either. Also Read: 'Mighty Ducks: Game Changers' Trailer: Lauren Graham Starts a Hockey Team (Video) I looked different than the other dancers at the predominantly Black Alvin Ailey American Dance Theater. But there, I found a space of belonging. I forged friendships and learned how a sense of community is imperative to creating something beautiful. I used this knowledge when lacing up my skates and sliding over the smooth ice in Disney’s “The Mighty Ducks Game Changers.” When filming HBO’s “Succession,” I was embraced as part of a show with a family that didn’t look like me, and I completely fit in. I hope that in some small way, my characters Sofi and Sophie will give young women of color someone to relate to, just as Kamala — the ultimate game-changer — has been a role model for me and so many others. Own-self. Blossoming. That is what representation encourages. Kamala Harris’ breakthrough has not only encouraged me to play my latest role, but to also keep pushing for my dreams. The more first-generation Indian American women are represented — in politics, in entertainment — the more, the younger generations of Indian American women will feel like they can pursue and live their dreams. Read original story ‘Mighty Ducks’ Actress, Inspired by Kamala Harris, Explains the Power in Her Own Name (Guest Blog) At TheWrap
Chelsea strengthened their hold on fourth place in the Premier League as Kai Havertz inspired a vital 2-0 win over Everton, while West Ham boosted their surprise top four challenge with a 2-0 victory against Leeds on Monday.
An airport employee delivered a flawless juggling performance to entertain a young traveler at Sioux Falls Regional Airport in South Dakota on March 6.McKenzie Schelhaas filmed a video that showed her son, Maddex, looking out of a window as a ramp agent juggles three batons. The agent bows and waves to the boy after her performance, and Maddex waves back.“This lady is my hero – thank you for making traveling so fun!” Schelhaas wrote on a Facebook post that featured the video. Credit: McKenzie Schelhaas via Storyful
The Great Rotation into cyclical stocks drove the Dow to near record levels Monday. But that rotation pulled money out of tech stocks, dragging down the Nasdaq and S&P.Investors bet on stocks that stand to benefit the most from an economic rebound such as blue chips Disney and Goldman Sachs. This comes as the $1.9 trillion COVID-19 relief bill awaits a final congressional vote after the Senate passed it over the weekend.But the prospects of more government spending and faster economic growth are also stoking fears of a spike in inflation. That drove the benchmark 10-year Treasury yield to near one-year highs Monday. Tech stocks are particularly sensitive to rising yields, which sent big names like Apple and Alphabet lower. The Nasdaq closed down nearly 2-and-a-half percent and the S&P by half percent. But the Dow gained 1%.Phoenix Financial Services Chief Market Analyst Wayne Kaufman: “I think that it's good that that money is not leaving the market. This is very obviously been sector rotation - money not leaving the market.”Shares of Walt Disney jumped 6%. Disneyland and other theme parks, stadiums, and outdoor entertainment venues could reopen as early as April under new rules set by California health officials.GE shares rose 4%. Its aircraft leasing unit is in talks with Irish rival AerCap over a possible deal that would create an industry titan.
These century-old oak trees will soon be usedto rebuild the wooden-framed spire of the Notre Dame Cathedral in Pariswhich was destroyed by a fire in 2019President Emmanuel Macron announced last summerthat the spire would be reconstructed as originally designedlaunching the hunt for 1,000 oaks(SOUNDBITE) (French) FRENCH FORESTRY AUTHORITY COMMERCIAL DIRECTOR, AYMERIC ALBERT, SAYING: "This trunk is exceptional, it meets all the requirements required by the architects of the future roof structure. It has the length needed to cut out the pieces for the structure, it's perfectly straight, the axis of the wood is perfect, the heart of the wood is in the center, which will allow us to do the sawing and then the piece for the future structure."The cathedral's original roof contained so many oak beamsit was called ‘the forest’
A second COVID-19 outbreak at the second-tier outfit had resulted in their games against Brentford last Saturday and Luton Town on Tuesday postponed. Rotherham said in a statement that there were "several more positive cases" within the squad following a repeat round of testing on the advice of the English Football League (EFL). "In keeping with government guidelines, the first team players and staff will now undergo a period of isolation," Rotherham, who closed their training base at Roundwood to control the spread of the virus, said.
The U.S. House of Representatives will take up by Wednesday the Senate version of the sweeping $1.9 trillion coronavirus relief package backed by President Joe Biden, Speaker Nancy Pelosi said on Monday. The Senate passed its version of the bill after a marathon overnight vote on Saturday. The Senate version eliminated or pared back some provisions included in the House bill, which had increased the federal minimum wage to $15 an hour and extended expanded jobless assistance through Aug. 29.
The new line brings haberdashery home with menswear-inspired buttons, pleats, and checks.From ELLE Decor
Mar.08 -- Ark Investment Management founder and CEO Cathie Wood says value stocks are taking off and adds that she's still buying the Tesla dip. She speaks with Bloomberg's Emily Chang on "Bloomberg Technology."
A match, organised by the United Nations Environment Program and former NHL player Vyacheslav Fetisov, was attended by famous hockey players such as Alexey Kasatonov, Valery Kamensky, Alexander Yakushev, Andrey Kovalenko.The event was also attended by British Ambassador to Russia Deborah Bronnert who highlighted the need for international cooperation to overcome ecological problems.
Filmmakers Max Lang and Daniel Snaddon are no strangers to the world of adapting the vividly illustrated children’s books of Julia Donaldson for animation. They’ve adapted “Room on the Broom,” “The Gruffalo” and “Stick Man,” and this time they’re vying for Oscar short animated film and Annie Awards consideration with another beloved story, “The Snail […]
West Ham United maintained their push for a top-four finish as goals by Jesse Lingard and Craig Dawson earned them a 2-0 home victory over Leeds United in the Premier League on Monday. Lingard converted a rebound from his own saved penalty in the 21st minute for his fourth goal in six appearances since arriving on loan from Manchester United. Dawson headed in West Ham's second goal seven minutes later to help his side up to fifth spot with 48 points from 27 games.
Monday morning was not just a great day for CBS ratings. ViacomCBS’ stock soared to a new high on Monday, following Oprah Winfrey’s high-rated primetime interview of Meghan Markle and Prince Harry. Shares of ViacomCBS stock ended the trading day (1 p.m. ET) with a price of $83.66 a share, an increase of 12.7% from the morning and a new record high for the less than two-year-old company (Viacom and CBS merged at the end of 2019). The two-hour interview, in which the couple explained their decision to “step back” as members of the British royal family last year, drew more than 17 million viewers. That is closer to what regular season NFL games pull in than pretty much everything else on broadcast TV (it was more than triple than what NBC drew for the Golden Globes in that same timeslot a week ago). Also Read: 'Noble' or 'Vile'? Meghan Markle and Prince Harry's Oprah Interview Splits Hollywood Stars That robust (preliminary) number is also larger than Caitlyn Jenner’s sitdown with Diane Sawyer on ABC in 2015, which (preliminarily) averaged a whopping 16.9 million total viewers. You can read some of the most explosive allegations here. ViacomCBS stock has been a on a tear of late — Monday was the stock’s seventh straight day of gains — and comes on the heels of last week’s Paramount+ launch. The stock price has more than doubled since the first day of trading this year (Jan. 4). Read original story ViacomCBS Stock Skyrockets Following Oprah’s Prince Harry and Meghan Markle Interview At TheWrap
David France’s “Welcome to Chechnya” could very well make Oscar history as the first documentary to be nominated for Best Visual Effects. The documentary details the brutality the LGBTQ community faces in Chechnya at the hands of the government. France goes inside the shocking and horrific genocide that Chechnyan leader Ramzan Kadyrov is unleashing on […]
The COVID-19 vaccine from Pfizer Inc and BioNTech SE was able to neutralize a new variant of the coronavirus spreading rapidly in Brazil, according to a laboratory study published in the New England Journal of Medicine on Monday. Blood taken from people who had been given the vaccine neutralized an engineered version of the virus that contained the same mutations carried on the spike portion of the highly contagious P.1 variant first identified in Brazil, the study conducted by scientists from the companies and the University of Texas Medical Branch found.