Harry E. Sloan New Chairman/CEO of MGM
Harry E. Sloan, a member of the MGM board of directors, has been named chairman/ceo of Metro-Goldwyn-Mayer Inc. Sloan will also invest in MGM and become part of the ownership group, which ownership is currently as follows: Providence Equity Partners (29%), Texas Pacific Group (21%), Sony (20%), Comcast (20%), DLJ Merchant Banking Partners (7%), and Quadrangle Group (3%).