Les Moonves Out as CEO At CBS After Sexual Harassment Allegations
By RJ Johnson - @rickerthewriter
September 10, 2018
CBS CEO Leslie Moonves will leave his post following several allegations of sexual misconduct that has spanned much of his career, the company announced Sunday evening.
Moonves will depart as chairman, president, and chief executive officer "effectively immediately," CBS announced in a statement.
COO Joseph Ianniello will act as president and acting CEO while "the Board conducts a search for a permanent successor."
Allegations against Moonves first surfaced after journalist Ronan Farrow published an article in the New Yorker last August that detailed the experiences of six women who worked with Moonves over the years. The accusations included sexual misconduct by Moonves and damaging of their careers.
A second article published by Farrow on Sunday detailed several more allegations from six more women.
Moonves has denied the allegations, characterizing his relationships as consensual with some of the women. CBS has been conducting an independent investigation into the allegations against Moonves since they were first brought to light in August.
The company was considering a $100 million exit package for Moonves according to CNBC's David Faber, but following the new allegations, Faber said sources told him that Moonves would not get a severance package, pending the results of the investigation into the allegations against him.
CBS and Moonves also announced that they would be donating $20 million to one or more organizations that support the #MeToo movement."
"Moonves and CBS will donate $20 million to one or more organizations that support the #MeToo movement and equality for women in the workplace," the company said on Sunday.