CBS CEO and chairman Les Moonves has stepped down from his post following a new report from Ronan Farrow in The New Yorker, which brought new allegations of sexual misconduct. CBS’s board made the announcement on Sunday evening, following a report from CNN that broke word of his departure.
CBS says that its board of directors and its parent company National Amusements announced that they reached a settlement this evening that would see Moonves step down immediately. CBS will also donate $20 million to organizations that support the #MeToo movement, the amount of which will be “deducted from any severance benefits that may be due Moonves following the Board’s ongoing independent investigation.” Moonves will not receive any payout at this...
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