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CBS Chief Executive Les Moonves will step down from his position amid a series of sexual misconduct complaints by at least 12 female accusers.
Sources told Fox Business Network’s Charlie Gasparino Sunday that an official announcement of Moonves’ resignation was expected sometime before business opens Monday. It’s unclear at this time who will succeed Moonves as CBS’ CEO.
The article goes on to state the following:
It was also not clear what compensation Moonves would receive as part of his resignation. However, sources with knowledge of a negotiated settlement between CBS and the network’s board of directors tell Fox Business the amount would depend on the outcome of an ongoing investigation into the allegations against Moonves.
The Washington Examiner further reports:
As Les Moonves prepares to step down from CBS Corporation after 12 years at its helm, six more woman accused the media giant’s chief executive officer of sexual harassment and assault, according to Sunday report in the New Yorker.
Among the complaints levied against Moonves are allegations he forced women to perform oral sex on him and sought to damage the careers of those who rejected his advances.
In a statement to the publication, Moonves referred to relationships with three of the women as consensual.
“I have never used my position to hinder the advancement or careers of women. In my 40 years of work, I have never before heard of such disturbing accusations. I can only surmise they are surfacing now for the first time, decades later, as part of a concerted effort by others to destroy my name, my reputation, and my career. Anyone who knows me knows that the person described in this article is not me,” he said.
According to the New Yorker:
A person familiar with the discussions said that Moonves will no longer receive any of his exit compensation, pending the results of the independent investigation into the allegations, and that a portion of the amount he would have received will be donated to organizations focussed on sexual harassment and assault.
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