Conde Nast, Exec Reach Settlement
NEW YORK (AP) _ Conde Nast Publications has reached a settlement with a Vogue advertising executive who had accused the magazine’s publisher of shoving her and injuring her face.
Conde Nast declined to disclose the terms of the agreement on Wednesday, releasing a one-paragraph statement that said the disagreement between publisher Richard Beckman and Carol Matthews ``has been resolved amicably and the terms of that resolution are confidential by agreement of all parties.″
``Nevertheless, Richard Beckman acknowledges some inappropriate behavior on his part and is seeking counseling to address that issue,″ it added.
Beckman reportedly also apologized Tuesday to senior Vogue staff members for his actions.
The New York Times, citing Conde Nast executives familiar with the agreement, reported Wednesday that the company would pay between $1 million to $5 million to Matthews.
A company executive said told the Times that Matthews claimed she needed surgery for the injury to her nose, suffered during a meeting in June, and alleged that Beckman’s actions were part of a pattern of questionable behavior.
Maurie Perl, a company spokeswoman, said the incident has not affected Beckman’s position as Vogue publisher. She declined to comment on published reports that Matthews had resigned.