CBS Chairman And CEO Moonves Steps Down

CBS Chairman And CEO Moonves Steps Down

CBS Chairman And CEO Moonves Steps Down

Les Moonves, the longtime CEO and Chairman of CBS, has stepped down amid numerous sexual assault and harassment allegations, the company announced Sunday.

CBS said it and Moonves will donate $20 million of Moonves' severance to organizations supporting the #MeToo movement. Any severance to Moonves will depend on the results of CBS' internal investigation into the harassment allegations.

The latest New Yorker story by Pulitzer Prize victor Ronan Farrow includes allegations that Moonves, 68, forced oral sex, exposed himself, committed violent acts and derailed careers in incidents that occurred from the 1980s to the early 2000s.

CBS Chief Les Moonves resigned Sunday, just hours after six more women accused the veteran television executive of sexual misconduct. A dozen women have alleged mistreatment, including forced oral sex, groping and retaliation if they resisted him. Much of Moonves' tenure at CBS has been marked by a power struggle with Redstone over her plan to merge CBS and Viacom. In the event that he does indeed step down at CBS, it's presumed that his successor Joseph Ianniello will serve as interim CEO until an indefinite replacement is found. "Moonves declined to specify which three encounters he considered consensual".

She went on to say she can't wait for the day where "women are equal, where these stories won't have to happen anymore".

"Man, who would have expected the ride we're all having right now?.The money's rolling in and this is fun", Moonves said at the 2016 Morgan Stanley Technology, Media & Telecom Conference.

These are the latest accusations against Moonves, following a July report with six initial women's stories that prompted the CBS board to investigate Moonves' conduct and consider his departure.

Mr Moonves joined CBS in 1995 as head of entertainment, becoming CEO of CBS Corp in 2006.

In a statement obtained by Variety, Moonves called the allegations against him "untrue" and "not consistent with who I am".

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Moonves on Sunday evening issued a statement, saying: "Effective immediately I will no longer be Chairman and Chief Executive Officer of CBS".

"As I understand the allegations, and he denies them, but as I understand them, they allege that he used his corporate authority to badger and in some cases to force women to touch his body and in a way that they didn't want to", he said.

He continued: "In my 40 years of work, I have never before heard of such disturbing accusations".

Six new independent directors were named to the board, replacing five independent directors and one National Amusement-affiliated director.

Golden-Gottlieb said Moonves retaliated against her after she refused him.

Redstone's allies will point to her position as controlling shareholder; accuse Moonves of plotting a jailbreak attempt; and cite the misconduct allegations. "I can only surmise they are surfacing now for the first time, decades later, as part of a concerted effort by others to destroy my name, my reputation, and my career", he said. The settlement does not preclude other parties from suggesting a merger or bringing other potential transactions to the board, one source said.

He said on CNN that "these women are coming out now" because "they have been extraordinarily frustrated by what they perceive to be inaction on the part of CBS and its board".

"A man accused of rigorously reported allegations of harassment should not be rewarded with a golden parachute", said Time's Up, the group that sprung from last year's outpouring of workplace harassment claims.

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