Norah O'Donnell on sexual misconduct

11 September, 2018, 05:10 | Author: Kristine Mills
  • CBS reaches deal with CEO Leslie Moonves amid new sexual harassment claims

Anita Hill, the chair of a commission on sexual harassment and inequality in Hollywood, said CBS' next permanent CEO will be invited to fill the slot vacated by Leslie Moonves, the longtime chief of the network who resigned amid allegations of sexual misconduct.

It says that Moonves could receive a potential payout of $120 million if not terminated for cause. The claims came six weeks after Farrow first published allegations against Moonves by six other women.

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. Since then, CBS's board launched an investigation, though it did not put Moonves on leave. The SEC filing indicates that it should conclude by early next year. He will take with him "certain fully accrued and vested compensation and benefits", and any future payments are dependent on the result of the ongoing independent investigation.

There was nothing to it, they assured Ms. Redstone, president of CBS's controlling shareholder National Amusements Inc. CBS indicated Sunday, however, that no severance agreement has been reached.

With those optics in mind, CBS said Sunday night that Moonves and CBS will donate $20 million to organizations that support the #MeToo movement and other groups fighting for workplace equity for women. The initial article detailed allegations from six women of Moonves harassing them and using his position of authority to intimidate them, and sometimes, ruin their careers.

CBS is reshaping its board as it pursues an independent investigation into Les Moonves, its ousted board chairman, with additional allegations of sexual misconduct continuing to surface. Moonves has denied the allegations against him.

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Neither the board nor the law firms have given a timeline to complete the investigation.

The New Yorker reported that these women said Moonves also retaliated after they rebuffed him, damaging their careers. "We're not saying we're flawless". But I'm confident the culture of the entertainment division is very safe, very collaborative and very welcoming.

The CBS Corp. announced Moonves' exit late Sunday, hours after The New Yorker magazine posted a story with a second round of ugly accusations against its chairman. Moonves has been with CBS since 1995 and has held the title of chief executive for the past 15 years. In early trading, the stock was down more than 3.5% as investors took measure of the company's unanswered questions. Much of Moonves' tenure at CBS has been marked by a power struggle with Redstone over her plan to merge CBS and Viacom.

Whether that success would continue under Ianniello, a low-profile figure, remains to be seen. "I am deeply saddened to be leaving the company". In March at SXSW, Time's Up founding member Nina Shaw said, "I think there are a bunch of guys waiting for this to be over".

"Without its long-standing leader, CBS is doomed", he said, noting that "who else is strong enough, either in management or on the board, or has sufficient institutional backing to stand up to Shari?"


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