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CBS finally holds shareholder meeting, with no Moonves talk

Published 12/11/2018, 10:27 AM
© Reuters.  CBS finally holds shareholder meeting, with no Moonves talk
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  • A heavily delayed shareholder meeting for CBS ended up as a bit of a non-event, with few in attendance and no discussion of the corporate scandal that swept CEO/Chairman Les Moonves out of the company.
  • A sweeping investigation of misconduct at the company didn't come up at all -- but new chairman Strauss Zelnick drew praise, and the company said it had no news about the timeline for locating a permanent CEO (interim CEO Joe Ianniello was on stage).
  • Meanwhile about 10 protestors outside the building loudly called for the company to deny Moonves a golden parachute (or any compensation) for his exit.
  • Shares are up 0.8%.
  • Now read: U.S. Fixed Income Calendar: The Week Ahead (Dec 10-14)


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