CBS board says it will launch independent investigation; Moonves remains CEO

Les Moonves

CBS directors are weighing whether chairman and chief executive Leslie Moonves should step aside as the United States television network investigates claims he sexually harassed women, The Wall Street Journal reported Sunday. According to multiple reports, the CBS board is meeting today to consider the matter along with other details related to the investigation. CBS said that Moonves has no recollection of the interactions with Jones.

"The company will not be viewed by many key industry participants as taking workplace safety seriously without significant action, which we think the Board will realize has commercial consequences, if not legal and moral ones", he wrote.

"If Les Moonves does step aside, it would increase the chances that CBS and Viacom would merge", Hagey said.

The company is also scheduled to report quarterly earnings on Thursday and hold its annual shareholder meeting on Friday in Pasadena, California on August 10. "I stand by that statement today, tomorrow, forever". "Jones told Farrow that Moonves later called her and threatened her career, saying "'I'm warning you. Having been in SC with no internet, Colbert "heard there was an article about CBS Chairman and man-I-hope-isn't-watching-tonight's-monologue Leslie Moonves".

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That was the last Kirgo heard from Moonves, she told NPR.

At 2:30 p.m., CBS shares were trading at $51.12, down 5.4 percent. When she rebuffed his advance and asked what he was doing, he replied, "Well, I was hitting on you". Those were mistakes, and I regret them immensely.

A lot of powerful men have been taken down by good reporting in the past 10 months and this weekend, The New Yorker's Ronan Farrow - the reporter behind the original Harvey Weinstein story - exposed yet another one. "But I always understood and respected - and abided by the principle - that "no" means 'no, ' and I have never misused my position to harm or hinder anyone's career". And she doubled down on her earlier support of the embattled executive.

Redstone is challenging a plan by CBS to issue a special dividend aimed at cutting National Amusements' voting power in the company to 17 percent from 80 percent.

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Moonves has headed CBS Corporation since 2016.

The departure of Moonves, 68, who has led the company since 2006, would be a blow to the broadcaster.

Moonves said in a statement, "I recognize that there were times decades ago when I may have made some women uncomfortable by making advances".

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