Gary Barber became chief executive officer of Metro-Goldwyn-Mayer in December 2010, taking charge of a studio that had recently emerged from severe financial distress and needed major productions to restore its position. During his tenure, MGM helped finance the James Bond success Skyfall, which ultimately grossed approximately $1.1 billion worldwide, as well as films including The Hobbit: An Unexpected Journey, 21 Jump Street, Hansel & Gretel: Witch Hunters, and remakes of RoboCop and Poltergeist. The apparent turnaround made Barber's sudden departure especially striking. In October 2017, MGM renewed his contract through 2022, but only five months later, in March 2018, the studio ousted him as chairman and CEO. The dismissal reportedly triggered an extraordinary $260 million settlement, making the episode one of the most financially consequential executive exits in modern Hollywood. The available account does not identify the internal disagreement or specific cause behind the board's decision, so the precise rationale remains undocumented here; what is established is the abrupt reversal from a long-term contract renewal to termination and a massive payout.
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