Moonves Out At CBS As Allegations Pile Up
The DG usually isn’t the place to come for breaking news, but the timing of this one is very fresh. Already this morning CBS announced that CEO Les Moonves has resigned from the network over mounting allegations of sexual misconduct. For weeks Moonves has denied multple claims which he called “appalling”. But over the weekend another six complaints surfaced from former female coworkers, which seems a like a little too much evidence of misconduct than Moonves could deny with any credibility.
While Les Moonves’s severance package hasn’t been disclosed yet, its estimated that he’ll leave with up to a $100M cash out from stock options. CBS also announced it will donate $20M to charities involved in the #MeToo movement.
This is the biggest #MeToo-related resignation to date. Moonves has helped make CBS the highest rated network since he joined in 1995, and was generally considered the most powerful TV executive up until now. As this situation illustrates, all the power in the world can no longer hide sexual misconduct in the workplace.