CBS CEO Leslie Moonves resigns following sexual harassment allegations

CBS CEO Leslie Moonves resigns following sexual harassment allegations

With those optics in mind, CBS said Sunday night that Moonves and CBS will donate $20 million to organizations that support the #MeToo movement and other groups fighting for workplace equity for women.

Instead, the board retained a pair of law firms to investigate the allegations.

Chief Operating Officer Joe Ianiello will take over as interim CEO as the board searches for a replacement, according to the announcement.

The author of the New Yorker articles, Ronan Farrow, previously has written reports that contributed to the resignation of Hollywood movie producer Harvey Weinstein from his film and TV studio following accusations of sexual misconduct. The reported nine-figure "exit package, is said to be contingent on whether more accusers come forward".

Moonves ruled first the programming, then the full network and other corporate entities such as Showtime for two decades.

CBS Corp. also oversees the publishing house Simon & Schuster and the premium cable network Showtime. He has earned hundreds of millions of dollars thanks to CBS" performance, including compensation packages that exceeded $69 million in both 2016 and "17.

Deborah Kitay, who gave Moonves massages when she worked as a massage therapist in the 1990s, says Moonves exposed himself to her and asked her to touch his penis.

CBS announced Moonves' departure, which takes effect immediately, early Sunday evening.

Alibaba co-founder Jack Ma to retire
Three years later, the foundation for education pledged to donate $30m to a 10-year initiative to support teaching in rural China. Ma, who co-founded Alibaba in 1999, is one of China's richest people with a net worth of $36.6 billion, according to Forbes.

At least one report had suggested that he could get a golden handshake of $100 million in stock.

The new allegations have made it untenable for Moonves to continue in his post, though it remains unclear whether he will be fired or allowed to resign.

One of the women, Phyllis Golden-Gottlieb, reported her accusations to Los Angeles police a year ago, but they weren't pursued because of the statute of limitations. "He absolutely ruined my career", television executive Phyllis Golden-Gottlieb told Farrow, recounting a day in the '80s when she denied Moonves oral sex in his vehicle, prompting him to throw her "hard" against a wall a few days later. Writer Janet Jones, who alleged that Moonves forcibly kissed her at a work meeting and that she had to shove him away, said Moonves "has gotten away with it for decades". All of them said they believed their careers had suffered because they rejected his advances.

"He absolutely ruined my career", she told the magazine. Other women told the magazine of unwanted touching or advances by Moonves.

Moonves acknowledged relations with three of the women but said they were consensual, and that he had never used his position to hurt women's careers. The CBS board of directors is likely to announce the deal by Monday morning, according to two executives with direct knowledge of the matter. "I have never used my position to hinder the advancement or careers of women", Moonves said. "In my 40 years of work, I have never before heard of such disturbing accusations", Moonves said.

Five years ago, he discussed his involvement, saying at the Television Critics Association press tour, "I'm not involved from the earlier stages, but I sort of have the final look at who's going in and choosing the right combination".

Now, with Moonves reportedly departing CBS, the future of the company could be in jeopardy. The best part of this journey has been working alongside the dedicated and talented people in this company.

The L.A. Times said CBS' board will wait until the conclusion of an investigation into allegations of misconduct.

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