New sexual misconduct allegations emerge against CBS boss

CBS reaches deal with CEO Leslie Moonves amid new sexual harassment claims

Leslie Moonves, one of the most powerful figures in the entertainment industry, has officially resigned from his position as the chairman and CEO of CBS on Sunday evening, September 9, 2018, CNN reports. According to her agent, Moonves had no intention of hiring a woman for that spot; even though he may have interviewed one or two for the job, it was all for show.

"These are more numerous claims, these are six women all of them on the record, also describing more serious allegations", Farrow said on CNN's "Reliable Sources" shortly after The New Yorker published the followup.

Sheryl Underwood hailed Chen as a "strong" and "resilient" women, then suggested that this scandal and other #MeToo revelations represent "a blessing from God, to be unburdened from secrets and unchained from lies".

Moonves and CBS will donate US$20 million to supporting the #MeToo movement and equality for women in the workplace, the company said. The executive is one of the highest compensated in media, making $69 million past year, according to regulatory filings.

CBS said in the filing that the settlement of $120 million would be put in a trust within 30 days and that Moonves could end up with nothing if the result of the investigation went against him. Instead, the donation will give CBS and Moonves some cover amid criticism of the potential payout.

"We're about to talk about something that affects everybody's life here at CBS", she started.

Moonves again denied the allegations in a statement issued late Sunday night.

Hours before his resignation the New Yorker magazine reported sexual misconduct allegations from six additional women against Moonves, who was already under investigation for similar allegations made by six others.

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Moonves was under contract through 2021, making almost $70 million a year in cash and stock, so he had some negotiating power even as harassment and assault allegations stacked up against him. The CBS board of directors is likely to announce the deal by Monday morning, according to two executives with direct knowledge of the matter.

One of his accusers, Jessica Pallingston, told the Pulitzer-winning journalist Ronan Farrow, who broke the allegations against Moonves in The New Yorker, that such a payoff would be "completely disgusting".

Entertainment President Kelly Kahl told reporters last month that the environment is safe for women.

Though she can not claim damages in civil court and a criminal investigation is out of the question, Golden-Gottlieb said she wanted to speak out to rid herself of having to carry the secret.

Moonves, who orchestrated CBS's revival into a ratings victor, had been one of the most respected executives in Hollywood until he was accused in late July of inappropriate behavior stretching back decades. "It is our belief that CBS' new permanent Chairman and CEO will have the requisite authority to function effectively as a Commissioner and to demonstrate CBS' commitment to the Commission's critical mission". National Amusements, controlled by Shari Redstone and her ailing father Sumner, had proposed that CBS combine with Viacom Inc.

Whether that success would continue under Ianniello, a low-profile figure, remains to be seen. Ianniello, who has held his current position since 2013, has steered top projects such as the CBS All Access and Showtime streaming services.

"[Ms. Redstone has said] the biggest obstacle was the presence of Les Moonves, so when CBS attempted to dilute the voting power of the Redstone stock ... they own 79 percent of CBS", Napolitano said.

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