The Writers Guild of America West is turning up the heat on Endeavor’s planned initial public offering, accusing the parent of WME of widespread potential conflicts of interest. The WGA West …
’s planned initial public offering, accusing the parent of WME of widespread potential conflicts of interest.’s IPO, warning that the new public company’s corporate governance structure dramatically favors company insiders including top executives Ari Emanuel and Patrick Whitesell and restricts public investors’ ability to exercise meaningful oversight.
Endeavor’s structure also includes “poison pills” designed to give company insiders indefinite control, the alert warned. “This is not a theoretical concern as Endeavor’s conflicts of interest with its clients are currently having an impact on the company’s representation segment, where it has lost 1400 writer-clients since April,” the guild said in Thursday’s investor alert.
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