Leslie Moonves has been on the hot seat for months at CBS. The CEO of CBS was first accused of sexual misconduct six weeks ago. The topic was a constant discussion at the Television Critics Association, and many wondered how long he would hold onto his role. It felt as though he was dead in the water as soon as the accusations surfaced, yet he pushed through for months. Finally, after Ronan Farrow dropped another piece with six more allegations for the New Yorker, CBS and Moonves are parting ways.
According to the Hollywood Reporter, Moonves is not the only individual on his way out. Six members of the board of directors will also leave the company. All six are men. They will be replaced by Candace Beinecke, Barbara Byrne, Brian Goldner, Richard D. Parsons, Susan Schuman, and Strauss Zelnick. This will at least add three women to CBS’ board. Furthermore, CBS and Moonves will make a $20 Million donation to Time’s Up, which will be deducted from his severance pay. He will not receive benefits immediately, but the donation is immediate.
The New Yorker story from Farrow looks very bad for CBS. In his latest piece, an accuser on record went to the police in Los Angeles. While the LAPD found her story credible, the assault in question took place in the 1980s. This meant the statute of limitations on the crime expired, leaving Moonves in the clear. What makes this look very bad for the network is that multiple members of the board were aware of the police report, which was filed in late 2017. This means they knew about potential Moonves’ accusations for at least 7 months before taking action.