(ABC) – CBS Chairman and CEO Leslie Moonves has been let go from the network amid new allegations of sexual assault, CBS confirmed in a statement.
“For the past 24 years it has been an incredible privilege to lead CBS’s renaissance and transformation into a leading global media company. The best part of this journey has been working alongside the dedicated and talented people in this company. Together, we built CBS into a destination where the best in the business come to work and succeed.
Untrue allegations from decades ago are now being made against me that are not consistent with who I am. Effective immediately I will no longer be Chairman and Chief Executive Officer of CBS.
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.”
– Leslie Moonves
Moonves and CBS will donate $20 million to “one or more organizations that support the #MeToo movement and equality for women in the workplace,” according to the CBS statement.
The donation will be made immediately and deducted from any severance benefits that may be given to Moonves, the network stated. Any additional payments will depend upon the results of CBS’ independent investigation and evaluation by the board of directors, the network said.
Effective immediately, Chief Operating Officer Joseph Ianniello will serve as president and acting CEO while the board conducts a search for a permanent replacement, the network said.