David Mays, founder of the embattled hip-hop magazine The Source, and his longtime president Ray "Benzino" Scott dodged a bullet from a new board of directors seeking to oust the duo.
Yesterday, the Source board, now controlled by executives friendly to the Graves family that owns Black Enterprise magazine, had hoped to boot Mays and Scott. They both obtained a restraining order from a judge in New Jersey to temporarily derail the ouster.
"The board has decided that this was the only feasible course of action as Mays and Scott could not continue their series of financial recklessness and negligence," the suit said.
It had given the duo 48 hours to turn up at a special board meeting yesterday afternoon that was expected to ratify the ouster.
"They can want to do that all they want, but it's not happening," said a still defiant Mays yesterday. The whereabouts of his partner Scott, he said, was "top secret."
The board said it felt that continuation of Mays and Scott in their jobs "hurts not only the employees of The Source, but all of its investors, vendors, subscribers and readers."
David Finkler, a lawyer for Mays and Scott, said that as far as his clients were concerned, "there is no new board."
