Les Moonves Has Reached a Settlement to Leave CBS

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Sunday's story followed a July report by Farrow with allegations from six women.

Moonves, in a statement included in the report, acknowledged three encounters before his tenure at CBS, but said they were consensual and added: "The appalling accusations in this article are untrue".

CBS said Moonves will not receive any severance benefits and any future payments would be dependent on the outcome of an independent investigation now taking place.

Moonves again denied the allegations in a statement issued late Sunday night.

"Man, who would have expected the ride we're all having right now?.The money's rolling in and this is fun", Moonves said at the 2016 Morgan Stanley Technology, Media & Telecom Conference. Early this year, Moonves informed a portion of the CBS board about the criminal investigation. "The best part of this journey has been working alongside the dedicated and talented people in this company".

The network's chief operating officer, Joseph Ianniello, will serve as president and acting CEO until CBS's Board of Directors looks for a replacement. The Chairman position will remain open pending the appointment of a permanent CEO. Since then, CBS's board launched an investigation, though it did not put Moonves on leave.

Farrow's story also detailed complaints about how the "culture in some parts of the company tolerated sexual misconduct".

Mr Moonves has been one of the most powerful executives in USA media, joining CBS in 1995 as head of entertainment and becoming chief executive of CBS Corp in 2006.

In the New Yorker article by Pulitzer Prize-winning reporter Ronan Farrow, Golden-Gottlieb described being sexually assaulted by Moonves in the 1980s when they both worked for the television production company Lorimar-Telepictures.

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Fountain Square is often the site of concerts, dancing, food trucks and other events around lunchtime or in the evenings. It wasn't clear immediately if the shooter was one of them. "The fear in her eyes is hard to forget", he said.

"I want to say that whatever times I've had of hardship, Julie has always been there for me". All of them said they believed their careers had suffered because they rejected his advances.

"He absolutely ruined my career", she told Farrow.

Some of the allegations include forcing women to perform oral sex on him and preventing career advancement when his advances were turned down. Accusations by six other women, which appeared in the same magazine in July, had sparked an investigation by CBS.

"In my 40 years of work, I have never before heard of such disturbing accusations", the 68-year-old continued. "Lawyers were said to be putting the finishing touches on the settlement on Sunday". But if the board finds that the company is not entitled to dismiss Moonves for those reasons, Mooves would receive the $120 million in the trust's assets. But it is far from a solution.

Moonves had previously spoken in support of Hollywood's #MeToo movement, and helped establish the Eliminating Sexual Harassment and Advancing Equality in the Workplace with Anita Hill as the chair. Mr. Ianniello, who joined the Company in 2005, has been COO of CBS since June 2013. He has steered top projects such as the CBS All Access and Showtime streaming services. He proceeded to move her into smaller and smaller offices in an effort to make her job more hard. "I remember the early-morning light filtering through the blinds". "The pain that women feel". "Many of the women found that very, very frustrating".

"Remember that the world is watching", Time's Up said in a statement.

Osbourne said, "Everybody here at CBS is nervous about their jobs", and added that she is particularly concerned about the crew. "As you all know, Julie's husband is in the news and she's taking off time to be with her family".

"Make no mistake, Leslie still has a ton of power and I'm going to pay for this dearly".