CBS CEO Leslie Moonves resigns following sexual harassment allegations

CBS Chief Executive Leslie Moonves expected to resign after new sex harassment allegations

CBS chief Les Moonves will imminently leave his post as chairman and CEO of the media giant, per CNN. The CBS board of directors is likely to announce the deal by Monday morning, according to two executives with direct knowledge of the matter.

A representative of CBS controlling shareholder Shari Redstone and National Amusements declined to comment.

The donation will be made immediately and deducted from any severance benefits that may be given to Moonves, the network stated.

These are the latest accusations against Moonves after a July report from Farrow in The New Yorker prompted the CBS board to look at Moonves' departure and current investigation, which CBS said was being handled by outside counsel.

The turnaround wasn't instant, but Moonves immediately set out to attract big-name talent, including a new sitcom starring Bill Cosby, and another featuring Ted Danson.

CBS said on Sunday it takes such allegations very seriously.

But his continued leadership of CBS became "untenable", an executive told CNN.

Six additional women have come forward to accuse CBS Corp.

But a huge payout to Moonves could stir shareholder ire in light of the disturbing harassment and assault allegations that have piled up against him.

Sunday's developments are an extraordinary confluence of events - a boardroom battle royale and a #MeToo case at the C-suite level.

The financial stakes are huge. "It's completely disgusting", Pallingston said about the possible $100 million settlement.

In a statement, CBS cited the ongoing investigation.

That's what advocacy groups like the Times Up initiative would like to see.

Once dismissed as the slow-growth part of Sumner Redstone's media empire, since striking out on its own CBS has proven adept at adapting to an evolving business, launching the streaming service CBS All Access and expanding its digital footprint.

Chief Operating Officer Joseph Ianniello will serve as president and acting CEO until the board finds a permanent replacement.

The allegations come about six weeks after Farrow published his first New Yorker expose on Moonves on July 27.

She claims the incidents took place in the 1980s when she was a highly placed entertainment industry executive but still, she has written, subservient to the men in positions of power.

Instead, the board retained a pair of law firms to investigate the allegations. It is unclear when he first knew that he had to go. They reserved the right to get some back if it was confirmed that Moonves sexually harassed staffers.

The accusations in the second story are even more serious. These fresh accounts of sexual misconduct include claims that Moonves forced women to perform oral sex on him and that he exposed himself to them without their consent.

Moonves denied the allegations, and characterized his relationships with some of the women as consensual.

Following the New Yorker report in August, Moonves said he regretted "immensely" making some women uncomfortable by making advances, but added that he abided by the principle that "no" means 'no, ' and stated he had never misused his position to harm or hinder anyone's career.

Farrow had a different explanation.

He said on CNN that "these women are coming out now" because "they have been extraordinarily frustrated by what they perceive to be inaction on the part of CBS and its board". Other women told the magazine of unwanted touching or advances by Moonves.

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