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Celebrity Appointments to Boards are as Rare as Celebrity Sightings

It isn’t unusual to see a public company experience a surge when adding a celebrity name to its board of directors, but such agreements are rare. This article explains the reasons why celebrity appointments to boards are so uncommon, profiling Oprah Winfrey’s recent purchase of 10 percent of Weight Watchers International’s stock in a deal that included Ms. Winfrey joining the Weight Watcher’ board and collaborating in the company’s marketing. 

Loeb & Loeb LLP is featured as counsel for Ms. Winfrey in the transaction and attorneys Marc Chamlin, Lloyd Rothenberg, Giovanni Caruso, Alan Tarr, Marla Aspinwall, Douglas Masters and Nerissa Coyle McGinn are named in connection with their role in the deal.