Hollywood producer Harvey Weinstein was fired from his film studio the Weinstein Company on Sunday following reports that he sexually harassed women over several decades, according to US media.
"In light of new information about misconduct by Harvey Weinstein that has emerged in the past few days, the directors of The Weinstein Company -- Robert Weinstein, Lance Maerov, Richard Koenigsberg and Tarak Ben Ammar -- have determined, and have informed Harvey Weinstein, that his employment with The Weinstein Company is terminated, effective immediately," the company's board said in a statement quoted by US media.
The firing came after the New York Times published a bombshell report earlier this week that alleged Weinstein, whose company produced such hits as "The King's Speech" and "Django Unchained," preyed on young women hoping to break into the film industry.
The accusers say Weinstein pressured them to massage him, watch him naked and promised to help advance their careers in exchange for sexual favours.
In a statement, Weinstein -- a staunch Democratic campaign fundraiser who backed Hillary Clinton in her presidential bid -- said he respected all women and was hoping for a second chance while acknowledging he had "work to do to earn it."
A father-of-two who is married to English fashion designer Georgina Chapman, Weinstein is considered a powerhouse in Hollywood and many of his movies have picked up Oscars over the years, including "Good Will Hunting" and "The Artist."
He formed the Miramax production house in the late 1970s with his brother and then sold it to Disney.
23-man shortlist for next six Hall of Fame inductees
Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
How much of your income do you need to save?
The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.
In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)
Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.
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Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
