NEW YORK, United States of America
Following the #MeToo era of sexual allegations, CBS boss Moonves announced he will quit amidst a slew of escalating allegations of sexual misconduct.
The New Yorker on on July 27 and the day of his departure published two detailed allegations against the 68-year-old television titan from 12 different women.
One detailed article published claims that Moonves forced them to perform oral sex, exposed himself to them without their consent, and that he used physical violence and intimidation against them. Some of them also said Moonves retaliated after being rebuffed, damaging their careers.
According to the statement released by CBS, Moonves will depart as chairman, president and CEO “effective immediately,” and that he and the network would donate $20 million to supporting the #MeToo movement and equality for women in the workplace.
“The donation, which will be made immediately, has been deducted from any severance benefits that may be due Moonves,” read part of the statement.
The statement further reported that Moonves will also not receive any compensation, pending the results of an investigation into the allegations against him being conducted by two blue-chip law firms.
“Any payments to be made in the future will depend upon the results of the independent investigation and subsequent board evaluation,” added CBS
Moonves’s departure had been widely expected, with US media reporting that the terms of his exit had been under negotiation for weeks, and a deal had been anticipated before markets open Monday.