This article is from the R.E.M. FAQ, by Ron Henry (email@example.com) with numerous contributions by others.
A recent press release from the band announced that Holt had left his
position of manager. No further details about the split were confirmed by
R.E.M./Athens Ltd., and much speculation on why and what happened remains
rumor. In fact it has been reported that one of the terms of the
dissolution is that none of the parties make public comment, so don't
expect any further details.