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CBS Corporation: Leslie Moonves to step down as CEO after allegations of sexual misconduct

Staff Writer | New York, N.Y., USA | September 10, 2018
Leslie MoonvesCBS Corporation, a mass media corporation, annonunced that Leslie Moonves will depart as chairman, president and chief executive officer.
Mr. Moonves came to CBS in 1995 as President of Entertainment.

He was promoted to President and CEO of CBS Television in 1998, became its Chairman in 2003, and was later named Co-President and Co-Chief Operating Officer of Viacom and Chairman of CBS in 2004.

In 2006, Mr. Moonves was named President and CEO of the newly formed CBS Corporation when it became a stand-alone, publicly traded company.

In 2016, he was named Chairman as well.

Mr. Moonves and CBS will donate $20 million to one or more organizations that support the #MeToo movement and equality for women in the workplace.

The donation has been deducted from any severance benefits that may be due Mr. Moonves following the Board's ongoing independent investigation led by Covington & Burling and Debevoise & Plimpton.