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Stock impact report

CBS' board announces investigation into Chief Executive Leslie Moonves' alleged misconduct [Los Angeles Times (CA)]

CBS (CBS) 
Last cbs earnings: 11/12 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.cbscorporation.com
CBS' board announces investigation into Chief Executive Leslie Moonves' alleged misconduct The board of directors of CBS Corp. announced Monday that it would conduct an investigation into allegations of inappropriate conduct by Chief Executive Leslie Moonves and review the workplace culture inside the venerable television network. In a statement, the board said it was “in the process of selecting outside counsel to conduct an independent investigation. No other action was taken on this matter at today’s board meeting.” The 14-member board already had been scheduled to meet via telephone conference call on Monday for a briefing on the company’s earnings, which are to be released later this week. But the group immediately had to grapple with a bigger issue: how best to investigate explosive allegations regarding Moonves’ conduct that were contained in a story published Friday by the New Yorker magazine. There had been some speculation earlier in the day that Moonves might step aside dur Show less Read more
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