CBS CEO Resigns Amid New Allegations Of Sexual Assault And Harassment

Leslie Moonves has resigned from his post as the top executive at CBS amid a new wave of allegations brought against him.

The CEO faced allegations of sexual harassment and sexual assault and will be stepping down from the company he joined in 2006.

As Reuters reports, Moonves served as a “major figure at the broadcast network and media company for more than two decades.”

From the report:

His departure as chairman, CEO and president was confirmed by the company in a statement coinciding with its announcement of a deal to end litigation against majority CBS shareholder Shari Redstone and National Amusements Inc for control of CBS.

Chief Operating Officer Joe Ianniello will take over as interim CEO as the board searches for a replacement, according to the announcement. The settlements end years of uncertainty over the future of CBS and could potentially open the door to future deals.

The announcement followed a new wave of accusations brought about by six more women which, according to the report, included “claims of forced sex, Moonves exposing himself and his alleged use of physical violence and intimidation.” The sexual misconduct allegedly occurred between the 1980s and the early 2000s.

Fox News reports a total of twelve women have come forward against Moonves.

The CEO responded to the allegations in a statement on Sunday afternoon where he also announced he would be resigning from his position.

“Untrue allegations from decades ago are now being made against me that are not consistent with who I am. Effective immediately I will no longer be Chairman and Chief Executive Officer of CBS,” Moonves said in the statement.

From Reuters:

Moonves, who turned CBS from an aging radio and TV broadcaster into a successful provider of shows to digital platforms, was expected to reap an estimated $100 million in severance. But Moonves, 68, could end up with nothing pending an investigation into the allegations of violence against women conducted by law firms hired by an independent committee of the CBS board of directors.

According to the report, CBS will be donating Moonves’ severance to groups affiliated with the #MeToo movement.

“Today’s resolution will benefit all shareholders, allowing us to focus on the business of running CBS – and transforming it for the future,” Redstone said in a statement. “We are confident in Joe’s ability to serve as acting CEO and delighted to welcome our new directors, who bring valuable and diverse expertise and a strong commitment to corporate governance.”

Note: The author of this article has included commentary that expresses an opinion and analysis of the facts.

DISCLAIMER: Views expressed in articles do not necessarily reflect the views held by Sarah Palin.

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