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The Weinstein Co. thought it had found a path to survival. A group of investors led by a respected businesswoman offered to acquire the company, rebrand it and install a female-led board of directors. Swiftly, the Weinstein Co. fired its president and chief operating officer, David Glasser, late Friday, only five days after the lawsuit.In the last census by the Alliance of Board Diversity, women held about 20 percent of board seats at Fortune 500 companies in 2016 .The company last year fired two fund managers over allegations of sexual harassment and inappropriate comments. The company has several women in top executive posts, including CEO Abigail Johnson, who has led the company founded by her family since 2014 .Contreras-Sweet has declined to comment publicly on her proposed purchase. In her letter to the Weinstein Co. board, Contreras-Sweet asked the company to agree to a mediation process with Weinstein's accusers and pledged to establish a litigation fund to supplement existing insurance coverage.
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