Looks like the agenda is working against them, who would of thought.
CBS shares fell 5 percent Friday on the news that CEO Leslie Moonves is accused of sexual misconduct in an upcoming Ronan Farrow expose.
The expose will be published in The New Yorker, CNBC has confirmed. The New Yorker article was first reported by The Hollywood Reporter. The entertainment news site reports the article will publish later Friday.
According to THR, the New Yorker article alleges that Moonves engaged in inappropriate sexual behavior including unwanted touching and kissing that is said to have occurred 20 years ago.
Farrow won a Pulitzer Prize for his reporting on Harvey Weinstein and the longstanding patterns of sexual misconduct. The revelations ultimately spurred the #MeToo movement.
CBS directors said in a statement, "All allegations of personal misconduct are to be taken seriously."
Here's the full statement:
"All allegations of personal misconduct are to be taken seriously. The Independent Directors of CBS have committed to investigating claims that violate the Company's clear policies in that regard. Upon the conclusion of that investigation, which involves recently reported allegations that go back several decades, the Board will promptly review the findings and take appropriate action. The timing of this report comes in the midst of the Company's very public legal dispute. While that litigation process continues, the CBS management team has the full support of the independent board members. Along with that team, we will continue to focus on creating value for our shareowners."
"As part of his settlement to leave the company, Moonves will donate $20 million of his severance package to “one or more organizations that support the #MeToo movement and equality for women in the workplace,” the company said. The payment will be made immediately and deducted from any severance benefits due to Moonves, the board said."
https://www.thedailybeast.com/report-cb ... llegations
the new America :wave:
CBS shares fell 5 percent Friday on the news that CEO Leslie Moonves is accused of sexual misconduct in an upcoming Ronan Farrow expose.
The expose will be published in The New Yorker, CNBC has confirmed. The New Yorker article was first reported by The Hollywood Reporter. The entertainment news site reports the article will publish later Friday.
According to THR, the New Yorker article alleges that Moonves engaged in inappropriate sexual behavior including unwanted touching and kissing that is said to have occurred 20 years ago.
Farrow won a Pulitzer Prize for his reporting on Harvey Weinstein and the longstanding patterns of sexual misconduct. The revelations ultimately spurred the #MeToo movement.
CBS directors said in a statement, "All allegations of personal misconduct are to be taken seriously."
Here's the full statement:
"All allegations of personal misconduct are to be taken seriously. The Independent Directors of CBS have committed to investigating claims that violate the Company's clear policies in that regard. Upon the conclusion of that investigation, which involves recently reported allegations that go back several decades, the Board will promptly review the findings and take appropriate action. The timing of this report comes in the midst of the Company's very public legal dispute. While that litigation process continues, the CBS management team has the full support of the independent board members. Along with that team, we will continue to focus on creating value for our shareowners."
"As part of his settlement to leave the company, Moonves will donate $20 million of his severance package to “one or more organizations that support the #MeToo movement and equality for women in the workplace,” the company said. The payment will be made immediately and deducted from any severance benefits due to Moonves, the board said."
https://www.thedailybeast.com/report-cb ... llegations
the new America :wave: