Rumors swirled Monday that Charles "Charlie" Buko (AKA C-Hust / AKA The Young Mayer Hawthorne) has effectively stepped down as Chief Executive Officer of Hit-A-Lik Entertainment.
Initial reports indicate that Hit-A-Lik Vice President (and Chief Financial Officer) would be in line to take over the Executive duties.
It has long been rumored that Hit-A-Lik VP's have been in control of "day to day" operations, but these most recent rumors of Buko stepping down came as a surprise to many. Speculation is that Buko is in some way dissatisfied with the direction the company has taken / is taking.
Even if he was not in control of "day to day" operations most are of the opinion that Buko would have little to gain stepping down (as the C.E.O. position does come with great clout and prestige).
Buko was not available for comment but released this statement:
"I congratulate Darryl (Young Frizz) on his release and welcome him home . . . the recordings he have been making are incredible and I look forward to promoting his marketing his project . . . "
When asked if he was stepping down as C.E.O. Buko responded simply:
"You made that up."
