DealBook Briefing: What’s Next for CBS Without Les Moonves? - News Summed Up

DealBook Briefing: What’s Next for CBS Without Les Moonves?


Mr. Moonves’s severance package will depend on the result of the company’s investigation into the claims. (The advocacy group Times Up demanded “no reward for Les Moonves.”) CBS will donate $20 million to organizations that support equality for women in the workplace. The situation raises more questions about why Mr. Moonves would put himself under increased scrutiny by picking a fight with CBS’s controlling shareholder, Shari Redstone, this year. That legal battle was also settled Sunday night, and the company added six new directors, including three women. Not much will change for CBS in the short term, with Mr. Moonves’s top lieutenant, Joseph Ianniello, taking over as interim C.E.O.


Source: New York Times September 10, 2018 10:44 UTC



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