Endeavor Group Holdings’ CEO Ari Emanuel and president Mark Shapiro have resigned from Live Nation’s board of directors after the Justice Department expressed antitrust concerns.The DOJ suggested that their positions on the board created an “interlocking directorate,” where one person serves as an officer of director of two companies.In a statement, Richard A.
Powers, acting assistant attorney general, said, “These resignations ensure that Endeavor and Live Nation will compete independently,.
Executives are not permitted to hold board positions on companies that compete with each other. The division will enforce the antitrust laws to make sure that all companies compete on the merits.”The DOJ noted that both Live Nation and Endeavor have
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.