CBS CEO Les Moonves will remain on the job during the network’s investigation of sexual misconduct accusations that are expected to be detailed in a…
CBS CEO Les Moonves will remain on the job during the network’s investigation of sexual misconduct accusations that are expected to be detailed in a looming New Yorker story.
Many other men accused of misconduct since the dawn of #MeToo stepped aside or were forced from their positions while their companies investigated the complaints against them. But Moonves plans to continue to lead the top television network, an insider told TheWrap on Friday.
Ronan Farrow’s New Yorker story is already causing a massive stir, despite the fact that it hasn’t been published and no one outside the publication knows exactly what it will say. CBS stock was down by more than 6 percent on Friday afternoon, and Shari Redstone, who is in a power struggle with Moonves over CBS’ future, issued a statement denying the “malicious insinuation” that she was behind the accusations.
CBS’s Independent Directors said in a statement Friday that the company will investigate “recently reported allegations that go back several decades.”
More to come…
Read original story Les Moonves to Stay on the Job During CBS Investigation of Sexual Misconduct Accusations At TheWrap
