Overview
- In a Friday memo to staff, Wasserman said the sale process has begun and apologized for "past personal mistakes."
- Mike Watts, a longtime company executive, will handle day-to-day operations during the transition.
- The decision followed Justice Department releases that included 2003 flirtatious emails between Wasserman and Ghislaine Maxwell.
- High-profile clients such as Chappell Roan and Abby Wambach have left the agency in recent days.
- LA28’s executive committee, aided by outside counsel, kept him as chair after a review, while political calls for his resignation persist and no criminal charges have been reported.