One source says the board is looking into the association’s finances. A board statement on the CEO’s fate is expected later today.
Jim Chabin’s second turn as president and CEO of Promax/BDA may have come to a sudden end.
The association staff says only that Chabin is “on leave,” but a source said his return is quesitonable and that the board is looking into the association’s finances.
A spokesperson for the Promax/BDA said last night that the board will release a statement on the matter sometime today.
TV Week is reporting that Chabin was placed on an indefinite leave of absence after questions over the organization’s financial direction arose.
Chabin was first president of Promax/BDA (formerly the Broadcast Promotion and Marketing Executives Association and the Broadcast Designers Association) from 1992 to 1999, when he left to take the top job at the Academy of Television Arts and Sciences, which oversees the primetime Emmy Awards.
But the academy job did not last. In December 2001, the board ousted Chabin amid reports that he was not getting along with the academy chairpersons, first Meryl Marshall-Daniels and then Bryce Zabel.
Within a year, in November 2002, Promax/BDA brought back Chabin to replace Glynn Brailsford and reinvigorate the flagging conferences that had suffered from industry consolidation and budget-cutting.
In November 2005, Chabin re-upped with the association until 2010, winning high praise from Promax Chairman Michael Benson of ABC. “Jim…stepped up to the plate, inspiring our members and reminding the industry as a whole that the exchange of information, experience and ideas makes all of us better and, in turn, benefits the companies we work for and with,” Benson said. “We have the utmost faith in Jim’s ability to build this organization for the future of our industry.”
According to Promax’s IRS filings, Chabin’s basic salary jumped from $260,630 in 2004 to $640,839 in 2005.
Prior to joining Promax in 1992, Chabin worked in promotion and marketing for E! Entertainment Television and CBS and owned radio stations in California.. He got his start as a disk jockey in his hometown of Hutchison, Kan.