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        <title><![CDATA[Billionaire Charles Cohen furloughs third of staff, cuts pay to others]]></title>
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        <lastBuildDate>Wed, 25 Mar 2020 04:44:43 +0000</lastBuildDate>
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            <media:title type="html">Billionaire Charles Cohen furloughs third of staff, cuts pay to others</media:title>
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        <content:encoded><![CDATA[<p><strong>Billionaire</strong> movie producer Charles Cohen is getting poor reviews for his handling of <strong>the coronavirus crisis. </strong></p><p>“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.</p><p>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.</p><p>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.</p>]]></content:encoded>
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