Leslie Moonves was the Chairman and CEO of CBS Corporation until today, after he was accused by several women of sexual harassment.
An article published in The New Yorker several weeks ago detailed allegations by six women and revealed complaints by dozens of others that the culture in some parts of the company tolerated sexual misconduct.
According to sources familiar with the board of CBS' activities said the discussion about Moonves stepping down have been going on for quite some time and have selected outside counsel to lead an investigation into the claims.
CBS announced Sunday that Moonves had left the company and would not receive any of his exit compensation, pending the results of the independent investigation into the allegations. The company named six new members of its board of directors and said it would donate $20 million to organizations that support the #MeToo movement and workplace equality for women. The donation will be deducted from any severance payments that may be due to Moonves.
Read the full story at The New Yorker.
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