Goldman might sell its stake in Weinstein Co

Weinstein Co

America’s Goldman Sachs Group Inc said it is looking selling off its stake in Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein.

“There is no place for the inexcusable behavior that had been reported, and we strongly condemn it,” Andrew Williams, a spokesman for Goldman, said in an email quoted by Thomson Reuters.

He said Goldman held a stake worth less than $1 million in The Weinstein Co.

Harvey Weinstein, who has produced or distributed Oscar-winning movies including “Shakespeare in Love” and “Chicago”, was ousted from the Weinstein Co on Sunday.

The Weinstein Company has not given any comment on the matter.