The CBS board of administrators will talk about allegations of sexual harassment towards CEO Les Moonves at a gathering on Monday.
The board plans to kind a particular committee that may oversee an investigation into each Moonves and the general tradition on the community, in keeping with two sources acquainted with the matter.
CBS’s unbiased board of administrators stated in a press release on Friday that it will “take acceptable motion” on the conclusion of the investigation.
Some board members this weekend spoke about whether or not Moonves ought to step apart throughout the probe, one supply stated. Information of these discussions and the board’s plans for Monday had been reported earlier by the Wall Avenue Journal.
The sources instructed CNNMoney that the Monday assembly was scheduled earlier than a bombshell report within the New Yorker Friday detailed allegations towards the CEO.
Associated: Six girls inform The New Yorker that CBS chief Les Moonves sexually harassed them
The administrators now plan to make use of the assembly no less than partly to pick a particular committee that may oversee the investigation. It will likely be carried out by a third-party regulation agency, the sources stated.
The New Yorker report included statements from six girls who instructed reporter Ronan Farrow that Moonves sexually harassed them. The article additionally reported that 30 present and former CBS workers flagged inappropriate habits on the firm, together with CBS Information and its flagship program “60 Minutes.”
CNN has not independently confirmed the allegations.
In a press release to The New Yorker that was additionally obtained by CNN, Moonves stated he has “promoted a tradition of respect and alternative for all workers” all through his tenure at CBS.
“I acknowledge that there have been instances many years in the past once I could have made some girls uncomfortable by making advances. These had been errors, and I remorse them immensely. However I at all times understood and revered — and abided by the precept — that ‘no’ means ‘no,’ and I’ve by no means misused my place to hurt or hinder anybody’s profession,” Moonves, who serves as CBS’s govt chairman and CEO, stated.
Associated: CBS inventory falls on report of New Yorker article alleging misconduct by Les Moonves
He added, “It is a time after we all are appropriately centered on how we assist enhance our society, and we at CBS are dedicated to being a part of the answer.”
The CBS board’s unbiased administrators on Friday stated in a press release launched a number of hours earlier than The New Yorker article was printed that the board will assessment the claims. When that investigation is completed, the board will “take acceptable motion,” it stated.
Moonves has been operating CBS for greater than a decade, and is credited with turning it into the most-watched broadcast community on tv for 15 of the previous 16 years.
Moonves has been very properly compensated for his firm’s success. He acquired $68.four million in 2017 for his function as chief govt and chairman of the board of administrators. That made him one of many highest-paid CEOs within the nation final yr, in keeping with an Equilar assessment of S&P 500 firms.
CNNMoney (New York) First printed July 29, 2018: 7:27 PM ET