- Six women have charged CBS Chairman/CEO Les Moonves with sexual harassment that covered a period of years, in a much-discussed story now published by The New Yorker.
- Four of those women described forcible touching and kissing. Dozens more describe abuse at the company, according to the story.
- In recent months, Ronan Farrow notes, Moonves has been a prominent voice in Hollywood's "#MeToo" movement.
- More than 30 current and former CBS employees said in the report that such behavior extended from Moonves to parts of the corporation including CBS News and 60 Minutes, where a "top-down" culture of harassment is described.
- In a statement, Moonves says “Throughout my time at CBS, we have promoted a culture of respect and opportunity for all employees, and have consistently found success elevating women to top executive positions across our company. I recognize that there were times decades ago when I may have made some women uncomfortable by making advances. Those were mistakes, and I regret them immensely.
- "But I always understood and respected -- and abided by the principle -- that ‘no’ means ‘no,’ and I have never misused my position to harm or hinder anyone’s career," Moonves says.
- CBS shares slipped 6.1% today, and are off another 1% so far after hours.
- Previously: Shari Redstone denies link to Moonves allegations; CBS -5.6% (Jul. 27 2018)
- Previously: CBS -4.7% on charges of Moonves misconduct (Jul. 27 2018)
- Now read: Central European Media Enterprises Ltd. 2018 Q2 - Results - Earnings Call Slides
Original article