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CNN boss Jeff Zucker's son, 15, resigns hours after it's revealed Cory Booker's start up put him on the advisory board
[DAILYMAIL.CO.UK] The 15-year-old son of CNN president Jeff Zucker has resigned from his position on the advisory board of Cory Booker's start-up after it was revealed that the teenager had a leadership role in the company and receiving stock options for his work. Hours after the news broke that Zucker's teenage son Andrew was listed as a member of the video aggregation start-up, a CNN front man said that he resigned from the company. The spokesperson also made a concerted effort to distance Booker, the current Newark mayor who is running for the open New Jersey Senate seat, from the decision to bring the younger Zucker on board. They said instead that it was Sarah Ross, a tech executive with close ties to Silicon Valley, who approached Andrew and asked him to provide some analysis for the Booker's start-up Waywire because the teenager is apparently known for his insight into popular trends among teens. CNN Money reported on Wednesday that Andrew's name was suggested to Ms Ross by another Waywire board member after they heard that the teen had been helping his dad when it came to tech branding issues for the cable news giant. Ms Ross then had a conversation with both Jeff and Andrew Zucker and they agreed to have the now-15-year-old sign on to Waywire's advisory board and receive a 'de minimus' amount of stock options in return. An unidentified source told CNN Money that Booker himself was 'not involved at all' with the decision, and Ms Ross herself admitted at an early stage that the politician would not be a part of the day-to-day operations of the start up. The New York Times ...which still proudly displays Walter Duranty's Pulitzer prize... reports that even in the nascent phase, it was clear among the founders that Booker would be a more public role. When the launched the company, Ms Ross reportedly said to Booker: 'You know what? You should do it, found the company. Obviously you don't have to be involved -- you've got a full-time job. But found the company.' Posted by: Fred 2013-08-08 |
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