Les Moonves, head of media giant CBS, resigns amid sexual misconduct claims

Report: Les Moonves Stepping Down As Chief Executive Officer At CBS

CBS reaches deal with CEO Leslie Moonves amid new sexual harassment claims

In a statement released Sunday night, Moonves said the claims against him are "untrue allegations from decades ago", adding they are "not consistent with who I am". Under Moonves's contract, the 68-year-old could be owed as much as $180 million in severance - as well as a production deal - but the CEO is facing challenges on a number of fronts.

Chief Operating Officer Joseph Ianniello will serve as president and acting CEO while the board searches for a permanent successor.

According to CBS, Moonves will not receive any severance benefits at this time. Writer Janet Jones, who alleged that Moonves forcibly kissed her at a work meeting and that she had to shove him away, said Moonves "has gotten away with it for decades". O'Donnell added: "This I know is true: Women can not achieve equality in the workplace or society until there is reckoning".

That turned Moonves into one of this highest paid executives in America: He took home almost $70 million in each of the past two years.

CNN just reported that Moonves "will step down soon as part of a wide-ranging corporate settlement of a separate fight for control of CBS".

O'Donnell spoke publicly on Monday after longtime CBS head Les Moonves resigned Sunday following a spate of new claims against him, including sexual assault.

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"Today's resolution will benefit all shareholders, allowing us to focus on the business of running CBS - and transforming it for the future", Redstone said in a statement.

Last November, O'Donnell and co-host Gayle King spoke candidly after CBS fired former co-host Charlie Rose, who also faced numerous sexual misconduct allegations.

"CBS takes these allegations very seriously".

Other women told the magazine of unwanted touching or advances by Moonves.

CBS said $20 million will be donated to one or more organizations that support #MeToo and workplace equality for women.

It's a done deal: CBS Corp. has ousted its embattled Chairman Leslie Moonves. All of them said they believed their careers had suffered because they rejected his advances.

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"I am deeply saddened to be leaving the company", Moonves added, calling it "an incredible privilege" to have worked for CBS. "And I have never used my position to hinder the advancement or careers of women", Moonves said in response to Farrow's report.

To make matters slightly more complicated, Moonves and CBS are now locked in a war with the company's main shareholder, National Amusements.

With the probes under way, the New Yorker on Sunday reported sexual harassment allegations against Moonves from several more women. Two law firms, Covington & Burling and Debevoise & Plimpton, have been hired to conduct an independent investigation into the allegations.

Another six women had accused Mr Moonves. Moonves denied the charges in a pair of statements, although he said he had consensual relations with three of the women. This is hard for everybody at CBS News... That's not all. CBS is saying that they are withholding all financial packages pending an investigation into the harassment allegations.

Moonves is expected to leave his position with CBS soon and will given a lucrative exit package. As a result of Farrow's article, more women are coming out of the woodwork to share their experiences of harassment, intimidation, and assault at the hands of the executive.

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