A federal judge in New York has allowed a shareholder lawsuit against CBS Corp. to proceed based on the specificity of statements made by disgraced former chairman-CEO Leslie Moonves at a 2017 Variety conference.
The abrupt exit of player Dan Spilo, for what CBS said was an off-camera incident, didn’t end questions about whether the network fumbled a #MeToo-era issue that it knew about months ago. CBS has the chance to address its decisions Wednesday, when it airs the traditional one-hour post-mortem discussion after the season’s conclusion. Spilo has not been invited to participate. For the first time, that post-show discussion will be taped instead of live.
Media companies have been front and center in some of the high-profile cases of sexual harassment that spawned the #MeToo Movement. What is most important to focus on now is how companies can work to prevent sexual harassment from overshadowing the important work they are doing.
Rally will help CBS disperse $20 million to groups dedicated to supporting #MeToo and promoting workplace safety and equality for women.
While Leslie Moonves is the most powerful CEO brought down yet by sexual misconduct allegations over the past year, CBS is facing criticism for not pushing him out sooner, for thanking him in its announcement and for offering him a potential $120 million in severance. Others say his downfall still serves as a warning that even the most powerful bosses cannot hide.