As MGM prepares to file for a "prepackaged" bankruptcy and a management overhaul, movie chief Mary Parent is negotiating to leave the financially crippled studio that she has led for the last 2 1/2 years, according to people with knowledge of the situation, reported the Los Angeles on Friday.
Parent has been cleaning out her office on the 14th floor of the MGM tower in Century City this week in expectation of settling out her contract, which has about 18 months remaining, those people said, cautioning that the executive does not yet have a signed settlement.
