The Morning Schadenfreude Brought To Us By CBS

Well, this is damn good for CBS, too: CBS Corp. Chairman and Chief Executive Leslie Moonves has resigned, becoming the highest-profile media executive yet to see his career ended from the weight of sexual harassment allegations.

Moonves and six other board members are out. Six new members are in, including three women.  Brian Steinberg says “many of [the new board members] specialize in M&A or new media.”

CBS and Moonves will donate $20 million to organizations that support the #MeToo movement and equality for women in the workplace. (Watch that space, there’s no definition about what determines a #MeToo organization.) Moonves has been stripped of his $100 million-plus severance package due to the allegations.

And there is no word on whether Moonves is going to face any legal penalty. Not to be too cynical about it, but it is a rich white dude’s world.

Reliable Sources email thingie:

“For the past 24 years it has been an incredible privilege to lead CBS’s renaissance and transformation into a leading global media company,” Moonves said Sunday night. He said “untrue allegations from decades ago are now being made against me that are not consistent with who I am.”

His last line: “I am deeply saddened to be leaving the company. I wish nothing but the best for the organization, the newly comprised board of directors and all of its employees.”

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One Response to The Morning Schadenfreude Brought To Us By CBS

  1. roket says:

    Obviously, the standards are not as high for a sitting republican preznint.

    Like

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