Published: Tue, July 31, 2018
Entertaiment | By Kelly Sanders

CBS CEO Moonves survives board meeting amid misconduct probe

CBS CEO Moonves survives board meeting amid misconduct probe

Stephen Colbert acknowledged the sexual misconduct allegations against the head of his network, CBS chairman Les Moonves, arguing that everyone should be accountable, even "my guy".

"CBS Corporation announced today that its board of directors is in the process of selecting outside counsel to conduct an independent investigation", it said in a statement.

The decision was made after an hours-long board meeting on Monday, just three days after The New Yorker published a detailed report that included the accounts of six women who claim Moonves thwarted their acting careers after rejecting his verbal or physical advances. The CBS board meeting on Monday reportedly was scheduled before the Moonves accusations surfaced; the company has its quarterly earnings call this week as well as a presentation at the Television Critics Association press tour, according to USA Today. CBS said that Moonves has no recollection of the interactions with Jones. CBS is now fighting an attempt by one of its major shareholders, Shari Redstone, to force the company to merge with entertainment giant Viacom, which she also largely controls. He gave us the time and the resources to succeed and he has stood by us when people were mad at me.

Dinah and her producing partner (and sister) Julie met with Moonves in the early '80s when he was the vice-president of development at Saul Ilson Productions.

In another case, in 1985, the writer Janet Jones also described Moonves trying to kiss her during a business meeting at his office.

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"I don't know what's going to happen, but I do believe in accountability". Those were mistakes, and I regret them immensely.

"I recognize that there were times decades ago when I may have made some women uncomfortable by making advances". Moonves issued a statement apologizing for some of his past actions but reiterated that he never used his position of power to hinder anyone's career.

The claims, that Moonves harassed six women over decades, surfaced Friday in a report from the New Yorker.

The host then addressed the allegations against Moonves specifically, remarking that he doesn't know how CBS will choose to discipline its CEO - nor does Colbert have the answers for how Moonves' behavior should be handled. And it may have a wider-reaching effect as CBS faces a potential merger Moonves is fighting tooth and nail.

Shares of CBS fell 5.1 percent to $51.28 at the close of the New York Stock Exchange, and are down 13 percent this year.

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