CBS is defending its handling of a sexual harassment by Michael Weatherly, star of its drama series Bull. CBS Entertainment President Kelly Kahl said Wednesday that Weatherly “owned” his mistake and was apologetic and remorseful. Last year, CBS reached a $9.5 million confidential settlement with actress Eliza Dushku after she alleged on-set sexual comments from Weatherly made her uncomfortable.
Former CBS Corp. Chief Executive Leslie Moonves forfeited $34.5 million in compensation last year after being forced from his longtime perch amid a sexual misconduct scandal. Nonetheless, the longtime television executive received $12.5 million in compensation, including salary and stock, last year — down from $69 million in 2017.
Former CBS Chairman-CEO Leslie Moonves and CBS corporate filed legal briefs Friday in connection with a shareholder lawsuit that accuses CBS, its board and Moonves of failing to disclose information that would affect business operations and stock prices.
An amended lawsuit say stock sales from Leslie Moonves, Joseph Ianniello and other executives amount to evidence of knowing wrongfulness and fraudulent motive.
In a terse regulatory filing, CBS has confirmed that its former CEO, Les Moonves, isn’t going away without a fight. In December, the company’s board cited the findings of its internal investigation in declaring that Moonves had been fired for cause and would therefore not be eligible for the $120 million exit package included in his contract. In the filing, CBS said: “Mr. Moonves notified the company of his election to demand binding arbitration with respect to this matter. The company does not intend to comment further on this matter during the pendency of the arbitration proceedings.”
CBS’s board was emphatic this week that the ousted chief executive Leslie Moonves “will not receive any severance payment,” slamming the door on his quest to collect $120 million. Case closed? Hardly. Under his termination agreement, reached when he left the company in September, CBS itself will be picking up the tab — it has been footing the bill for Moonves’s monthslong legal fight against CBS.
Former Walt Disney Co. Chief Operating Officer Tom Staggs has emerged as a top candidate to become CBS Corp.’s new chief executive, people familiar with the matter said, as the network tries to move past months of uncertainty and upheaval since the departure of Leslie Moonves over allegations of sexual harassment.