Updated 8:57 Pm from previous 7:20 Pm: Gary Barber is exiting as Chairman/CEO of MGM and MGM Holdings Inc.
Its Board of Directors has initiated what they are calling “a CEO transition” to begin looking for a new chief executive officer.
Barber has served at the company for the past eight years, leading its growth.
We were told by one exec that Barber was asked to leave the company, and that employees are reeling.
Some, we were told, were crying.
All we know is that MGM…
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