Quantcast
Radio Facts
Home » BLOG » Moonves Out as CBS CEO
Business Industry

Moonves Out as CBS CEO

radiofacts.com
Mike Windle/Getty Images

As of Sunday night, it has been announced that CEO Leslie will be leaving CBS following a growing series of allegations of sexual harassment and assault.

In a July 27th New Yorker exposé, several women had published accusations of Moonves’ sexual misconduct, followed quickly by CBS’ hiring of two New York law firms to lead an internal investigation. While this internal investigation is still ongoing, a recent article by Ronan Farrow detailed six further accusations of sexual harassment or assault by Moonves. Moonves’ departure was announced mere hours after the publication of this report.

Moonves’ contract dictated Moonves a substantial severance package over the next four years, but if fired ‘for cause’ much of the package will be eroded. Up to $120 million is going to be held in a ‘Holdback Trust’ pending the results of their internal investigation.
The departure is already making waves throughout the industry. Doug Morris is now leaving CBS’ board of directors, having joined in 2007 as chairman and CEO of Vivendi’s UMG. Morris had served on the compensation committee.

Related posts

BUSINESS: 10 Things We Can All Learn from Byron Allen

Kevin Ross

TIG RECORDS NEWEST ARTIST LIL BIKE DROPS VISUAL FOR “LIVE MY LIFE”

Tobi

IHEARTMEDIA DETROIT’S MIX 92.3 PRESENTS 20TH ANNUAL SISTA STRUT BREAST CANCER WALK

Ace

Dr. Martens Music & Film Concert Series In L.A. w/ ‘De’Wayne Jackson

alex

Knoxville Radio’s Rich Bailey Joins Cumulus Knoxville as Program Director for Legendary Country Station WIVK-FM

alex

Ola Ray from Michael Jackson’s Thriller Video, Does Tribute (vid)

Kevin Ross

Leave a Comment

4 Shares
Share
Tweet2
Share
Pin2
WhatsApp