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Ebony Magazine Claims To Remove Chairman Jacob Walthour In Continuing Battle Over Leadership
Bruce Haring pmc-editorial-managerHedge funder Jacob Walthour of Blueprint Capital Advisors has allegedly been removed as chairman of Ebony Capital Partners, a counter-move to the prior dismissal of Ebony CEO Willard Jackson Jr.Ebony cited what it claimed was an illegal board meeting, removal of a director, a notice of lender liability, and defamation in its action.The Ebony ownership said in a statement that it “grew concerned when Walthour began to book media appearances and shared confidential information with outlets, including The Wall Street Journal. Walthour’s actions are in direct violation of Ebony’s governing documents that require the lender’s relationship to be kept at arm’s length.” In response, the Ebony Media Holdings board
