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A New Yorker article exposing allegations of sexual misconduct against CBS CEO, Leslie Moonves, is about to appear. That's according to the Hollywood Reporter. Sam Berman of Veuer has complete history.
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The CBS Board of Directors made a preemptive statement before the publication of the story.
In a statement released on Friday, he did not mention Moonves by name. , the board said, "All allegations of personal misconduct must be taken seriously. The independent directors of CBS are committed to investigating claims that violate the Company's clear policies in this regard. At the end of this investigation, which concerns allegations reported over several decades, the Council will promptly review the findings and take appropriate action.
The CAS Board of Directors has also acknowledged that the story occurs to avoid a merger with the former parent company Viacom, led by the majority shareholder of CBS, Shari Redstone. For more information: New York TV industry riddled with harassment charges
"As the court process continues, the leadership team CBS enjoys the full support of independent board members the statement continued. "With this team, we will continue to focus on creating value for our shareholders."
Redstone, who wrestled with Moonves for control of CBS , fought back to reports that she could have contributed to New York's history. "The malicious insinuation that Ms. Redstone is sort of behind the allegations of Mr. Moonves' inappropriate personal behavior or the Today's reports are false and selfish, "said a statement sent to USA TODAY by his representative, Sara Evans.Redstone hopes that the investigation into these allegations is thorough, open. and transparent. "
Wall Street was scared in anticipation of New Yorker's history, and the potential for the release of Moonves. The CBS (NYSE: CBS) stock price fell 6% to close at $ 54.01.
Moonves, 68, has been with CBS since 1995. In 2009, he was promoted to CEO of the television network. CBS Corporation in 2016.
For further information: Charlie Rose, CBS News, sued for sexual harassment by three former co-workers
Under his leadership, CBS has benefited from more than a decade as the most watched network, with hits such as "The Big Bang Theory" and "NCIS". He maintained his popularity rating during the 2017-18 season that ended in May
Last year, according to the New Yorker, Moonves earned nearly seventy million dollars, which in fact one of the highest paid executives in the world. 19659008] He is also married to Julie Chen, the host of two shows on the network, "The Talk" and "Big Brother". The couple, who married in late 2004, has a son, Charlie, 8.
He was previously married to Nancy Wiesenfeld from 1978 to 2004, although the couple started living apart in 2003. They have three adult children.
Moonves began his career in Hollywood as an actor with few roles in television shows before changing careers, quickly rising in corporate management at 21st Century Fox Television, Lorimar and Warner Bros. Television. As president of Warner Bros., he developed the "Friends" and "ER" hits for NBC before joining CBS Entertainment as head of programming.
This story develops.
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