Richard Parsons named ‘interim chairman’ of CBS board


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dick parsons may 2018

Richard Parsons, who joined the CBS board earlier this yr, is now the board’s “interim chairman.”

The transfer, introduced Tuesday night, was unanimously accredited by the board of administrators.

“I feel I converse for all Board members after I say I sit up for studying extra about CBS’ compelling alternatives and the way we will help information and assist the corporate’s development,” Parsons mentioned in a press release.

Shari Redstone, whose firm Nationwide Amusements has the controlling stake in CBS, performed a pivotal function in bringing Parsons to CBS. Redstone is consolidating her energy now that longtime CBS CEO Les Moonves has stepped down.

Moonves and Redstone had been locked in an influence wrestle earlier this yr. Moonves exited the corporate after two tales by The New Yorker’s Ronan Farrow alleged incidents of sexual misconduct in his previous. Moonves known as the allegations “unfaithful” and instructed that the claims had been developing “as a part of a concerted effort by others to destroy my identify, my repute, and my profession.”

His exit on September 9 coincided with the settlement of the litigation between CBS and Redstone. The board was additionally reshaped at the moment.

And the modifications continued on Tuesday. Two veteran board members, Bruce Gordon and William Cohen, stepped down, in keeping with the announcement.

In line with The New York Occasions, each males supported Moonves after Farrow’s first story got here out.

James B. Stewart’s story in The Occasions opened with a quote, attributed to Cohen, staunchly defending Moonves: “We’re going to keep on this assembly till midnight if we have to till we get an settlement that we stand 100 % behind our C.E.O., and there will probably be no change in his standing.”

In line with Stewart’s story, Gordon was additionally initially “opposed” to suspending Moonves.

CNNMoney (New York) First printed September 26, 2018: 12:58 AM ET

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