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Billionaire Charles Cohen furloughs third of staff, cuts pay to others

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managed wordpress hostingBillionaire Charles Cohen furloughs third of staff, cuts pay to others 1
Billionaire movie producer Charles Cohen is getting poor reviews for his handling of the coronavirus crisis.

“While hundreds of New York restaurateurs are [trying] to pay their staff a couple weeks’ pay [in spite of the statewide shutdown], real-estate tycoon Cohen had a different idea,” says a source. We’re told Cohen — who, the source notes, has homes in Connecticut, Palm Beach, New York, Los Angeles and Paris, not to mention his 220-foot custom yacht, Seasense — immediately “furloughed” six of the 18 staff members at his Cohen Media Group production company, and gave a number of the remaining workers pay cuts.

A source close to Cohen — who was recently revealed to be the mystery buyer of the $94 million Bel Air, Calif., mansion known as the Billionaire — tells us that he has “every intention” of bringing the furloughed staff back when the movie industry bounces back.

Billionaire Charles Cohen furloughs third of staff, cuts pay to others 2Billionaire Charles Cohen furloughs third of staff, cuts pay to others 3
Billionaire Charles Cohen furloughs third of staff, cuts pay to others 4Billionaire Charles Cohen furloughs third of staff, cuts pay to others 5

He’s most recently produced “The Aspern Papers” starring Vanessa Redgrave and Jonathan Rhys Meyers and “Casanova, Last Love.” A rep for Cohen declined to comment.

Billionaire Charles Cohen furloughs third of staff, cuts pay to others 6Billionaire Charles Cohen furloughs third of staff, cuts pay to others 7
Billionaire Charles Cohen furloughs third of staff, cuts pay to others 8Billionaire Charles Cohen furloughs third of staff, cuts pay to others 9
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