Published: Tue, September 11, 2018
Markets | By Erika Turner

CBS CEO Leslie Moonves resigns following sexual harassment allegations

CBS CEO Leslie Moonves resigns following sexual harassment allegations

Moonves, in a statement to The New Yorker, acknowledged three of the encounters while maintaining that they were consensual.

CBS said it and Moonves will donate $20 million of Moonves' severance to organizations supporting the #MeToo movement.

The terms of Moonves's exit were unclear, though it was reported that his severance will be withheld pending the results of an independent investigation.

Greenfield said he believed Ianniello will be out by the year's end and will be replaced with an outside executive as part of a network "house cleaning".

Moonves had opposed efforts by NAI, which is owned by Shari Redstone and her father Sumner Redstone, to merge CBS with Viacom Inc (VIAB.O), another company they own.

"This has hurt morale but there are some really, really good people that come to work every single day", O'Donnell.

Joseph Ianniello, who has been the CBS chief operating officer since 2013, will serve as president and acting CEO while the board of directors looks for a new CEO.

Calling it a "bittersweet" premiere, Sharon Osbourne stated she was "nervous" to address Moonves' exit from the network on the show, after a total of 12 women accused the CEO of assault and harassment.

CBS CEO Les Moonves resigns just hours after Ronan Farrow's bombshell report in The New Yorker revealed six more women are leveling abuse allegations against the television executive.

Moonves has been at the center of legal troubles with CBS for months, and CNBC reported on Thursday the board was considering giving him a $100 million exit package. But the New Yorker stories - including a new set of accusations on Sunday - vaulted him squarely into the #MeToo movement.

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They say CBS has reached a deal on a package for Mr Moonves' resignation. She said Moonves, while an executive at the Lorimar production studio in the late 1980s, pushed her head into his lap and forced her to perform oral sex. "He absolutely ruined my career".

Some of the allegations include forcing women to perform oral sex on him and preventing career advancement when his advances were turned down. In my 40 years of work, I have never before heard of such disturbing accusations.

Moonves has responded to the doctor's allegations, telling Vanity Fair through a representative, "The appalling allegations about my conduct toward a female physician some 20 years ago are untrue".

The settlement was made official on Sunday night.

Per the New Yorker, "Several of the women expressed outrage that Moonves might be enriched by his departure from the company". But it is far from a solution.

All the women said they still feared that speaking out would lead to retaliation from Moonves, who is known in the industry for his ability to make or break careers. He proceeded to move her into smaller and smaller offices in an effort to make her job more hard.

CNN also reported that the CBS board could attempt to "claw back" some compensation to Moonves based on the investigation's findings. "I remember the early-morning light filtering through the blinds". "And women should not feel they have to carry secrets and burdens". Other women describe forced kissing, groping, propositions, with numerous encounters taking place during work time, as well as later efforts to harm careers. "It is systematic and it is pervasive in our culture". "As you all know, Julie's husband is in the news and she's taking off time to be with her family".

As she wrapped up, she implored of her co-hosts, "Anybody else got anything to say?"

"Gayle said, 'I didn't think we'd still be the story in September, '" O'Donnell related.

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