HBO fires CEO Chris Albrecht
After his girl friend beating bout this weekend in Vegas, Time Warner has fired HBO's chief executive officer Chris Albrecht.
"With great regret, at the request of Time Warner, I have agreed to step down as chairman and CEO of Home Box Office. I take this step for the benefit of my Home Box Office colleagues, recognizing that I cannot allow my personal circumstances to distract them from the business," Albrecht said in a statement obtained by gaysocialites.blog.
Time Warner said that HBO's Chief Operating Officer Bill Nelson would assume Albrecht's duties until a new CEO could be found.
Albrecht was arrested in Las Vegas this weekend for allegedly assaulting his girlfriend outside the MGM Grand Casino after the prizefight between Oscar de la Hoya and Floyd Mayweather, Jr.
Yesterday, Albrecht sent an apology to the HBO staff, which stated that he was "deeply sorry" for the incident, and revealed that he is a recovering alcoholic who had slipped up.
New reports also show that HBO paid a female staffer at least $400,000 to settle 1991 battery charges involving HBO Chief Executive Chris Albrecht.