CBS Weighs Moonves Suspension Over Assault Claims

CBS CEO Leslie Moonves will remain at the company, at least for now, as its board of directors investigates claims of sexual misconduct against the media titan. When that investigation is finished, the board will "take appropriate action", it said. The CBS board of directors is set to meet later today to consider its options amid the growing crisis. Three days after the CBS host took to Twitter to issue a statement in support of her husband immediately following the New Yorker report, Chen smiled and waved to The Talk's studio audience as the opening credits rolled.

Moonves is locked in a battle over control of CBS with the company's largest shareholder, National Amusements Inc, which is owned by Shari Redstone and her father Sumner Redstone.

CBS Chairman and CEO Leslie Moonves will find himself accountable to same "zero tolerance" policy towards sexual harassment that he called for in a company-wide email sent to all employees a year ago. News of those discussions and the board's plans for Monday were reported earlier by the Wall Street Journal.

Following Monday's board meeting, CBS announced that it postponed the company's 2018 annual meeting of stockholders that was previously scheduled for August 10 until further notice.

CBS's share price saw a small spike at the board announcement about Moonves, which came just before the market closed.

A New Yorker article published Friday recounted accounts by six women who had professional dealings with Moonves and said he sexually harassed them between the 1980s and late 2000s.

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Ross has since received backlash on Twitter, with critics saying such comments dismiss the claims made by these women.

"I recognize that there were times decades ago when I may have made some women uncomfortable by making advances", Moonves said in a statement to the outlet.

CBS had previously retained attorney Betsy Plevan of Proskauer Rose to conduct an independent investigation of alleged misconduct at CBS News in the wake of a report by the Washington Post that led to the firing of Charlie Rose, co-host of "CBS This Morning". Those were mistakes, and I regret them immensely.

CBS shares plunged on news of the company's investigation.

In another case, in 1985, the writer Janet Jones also described Moonves trying to kiss her during a business meeting at his office. The 68-year-old has been accused by six women of sexual assault and harassment.

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