"Moonves was quoted in the New Yorker as saying that he "may have made some women uncomfortable by making advances", which he called mistakes that he regretted immensely, but that he understood "'no" means "no'" and had never used his position to harm anyone's career. Moonves' wife, Julie Chen, a CBS presenter, has also publicly supported him. At Covington & Burling the investigation will be led by Nancy Kestenbaum, and at Debevoise & Plimpton it will be led by Mary Jo White.
"CBS president Les Moonves is in deep trouble for sexually harassing female colleagues - or maybe he's not in trouble at all", Bee began.
Farrow's NY investigation details six women's allegations against Moonves, including harassment, intimidation and retaliation.
CBS will report results from the April-to-June quarter after the market closes.
"So in the words of one of the immortal characters he helped create: 'It's time for this Moonves to be eclipsed, '" Bee finished, slipping on a pair of aviator sunglasses.
Moonves was the No. 2 highest paid CEO of a major public company in 2017, according to an analysis by The Associated Press and Equilar, an executive data firm.
Larry Hamermesh, a professor at Widener University Delaware Law School in Wilmington Delaware, said that the board would want to place Moonves on administrative leave if it believed there was a risk he could act inappropriately while remaining in his position. The allegations against include forced kissing, unwanted sexual advances and career retaliation against women who rebuffed him over a period of at three decades. CBS didn't immediately return messages for comment. "The Independent Directors of CBS have committed to investigating claims that violate the company's clear policies in that regard". CBS fears that the head of National Amusements, Shari Redstone, will try to combine CBS and Viacom. The trial in a DE court is expected to start in October. AT&T bought Time Warner for $85 billion in June and Disney is in the process of buying Fox's entertainment businesses for $71 billion. CBS launched its own service rather than providing shows to outside streaming services such as Netflix or Hulu.
Last quarter, CBS said CBS All Access and Showtime streaming services combined had 5.3 million subscriptions, on track to exceed CBS' goal of 8 million US subscriptions by 2020.