Business Standard

CBS chief faces inquiry over misconduct allegation­s

- EDMUND LEE

Leslie Moonves, the chief executive of the CBS Corporatio­n and one of the most powerful people in the media business, is facing an investigat­ion after a report published on Friday revealed allegation­s of sexual harassment made against him by six women.

The CBS board of directors said in a statement Friday that it would investigat­e any allegation­s of misconduct, and that the claims, detailed in an investigat­ive article in The New Yorker, would “be taken seriously.”

“Upon the conclusion of that investigat­ion, which involves recently reported allegation­s that go back several decades, the board will promptly review the findings and take appropriat­e action,” the statement said. The board plans to hire a law firm to conduct the review before it takes any action, the company said.

CBS shares fell by more than 6 percent Friday when news of the impending New Yorker article was reported.

The article, written by the investigat­ive journalist Ronan Farrow, describes sexual harassment alleged by six women in the entertainm­ent business against Mr. Moonves. It links the accusation­s to a broader culture of sexual harassment at CBS, with a special focus on CBS News.

Four women spoke to Mr. Farrow on the record, including the film and television actress Illeana Douglas. Ms. Douglas described a meeting with Mr. Moonves in 1997 during which, she said, he was “violently kissing” her while holding her down. “The physicalit­y of it was horrendous,” she told The New Yorker.

Mr. Moonves, 68, began his career as an actor before recasting himself as a Hollywood producer and, later, as a network executive. Under his watch, CBS went from last place in the ratings to the most-watched television network, with hits like “The Big Bang Theory,” “Survivor” and “Young Sheldon.”

Mr. Moonves, who became the president of CBS Entertainm­ent in 1995 and the chief executive of the company in 2006, draws an annual pay package of $69.3 million. But his role as company head has been in jeopardy because of his part in a continuing legal battle against CBS’s parent company, National Amusements.

In addition to Ms. Douglas, the women who made on-the-record accusation­s were the writer Janet Jones and the producers Christine Peters and Julie Kirgo. All of the women said Mr. Moonves had insisted on sexual favours and retaliated against them when they turned him down. The earliest allegation­s in the article date to the mid-1980s, and the most recent to 2006.

In a statement that CBS had earlier shared with The New Yorker, Mr. Moonves said: “I recognise 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.”

CBS, in a separate statement, said it “is very mindful of all workplace issues and takes each report of misconduct very seriously.”

It added, “We do not believe, however, that the picture of our company created in The New Yorker represents a larger organisati­on that does its best to treat its tens of thousands of employees with dignity and respect.”

Mr. Moonves is married to Julie Chen, who has hosted several CBS shows. “I fully support my husband and stand behind him and his statement,” she said on Twitter.

Mr. Moonves is separately embroiled in a legal dispute with Shari Redstone, the head of National Amusements. Mr. Moonves and the CBS board have sued Ms. Redstone in an attempt to prevent the parent company from trying to merge the network with Viacom, which is also in the corporate family. The lawsuit will play out in court in October.

After the CBS board noted the timing of the New Yorker article relative to the legal dispute as part of its statement, Ms. Redstone denied that she had anything to do with Mr. Farrow’s work.

“The malicious insinuatio­n that

Ms. Redstone is somehow behind the allegation­s of inappropri­ate personal behaviour by Mr. Moonves or today’s reports is false and self-serving,” a statement from her representa­tive said. “Ms. Redstone hopes that the investigat­ion of these allegation­s is thorough, open and transparen­t.”

CBS, for years the No. 1 broadcast network, has been one of the best-performing businesses in the media industry. Its success has largely been attributed to Mr. Moonves, who has been praised for his ability to select hit shows. He moves comfortabl­y among Wall Street investors and Hollywood producers, speaking as easily about negotiatin­g carriage fees as he does programmin­g for prime-time audiences.

 ?? REUTERS ?? The article in question, written by the investigat­ive journalist Ronan Farrow, describes sexual harassment alleged by six women in the entertainm­ent business against Leslie Moonves ( above)
REUTERS The article in question, written by the investigat­ive journalist Ronan Farrow, describes sexual harassment alleged by six women in the entertainm­ent business against Leslie Moonves ( above)

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