CBS Memo Aims to Reassure Staff -- WSJ
December 07 2018 - 3:02AM
Dow Jones News
By Benjamin Mullin
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (December 7, 2018).
CBS Corp.'s acting chief executive, Joseph Ianniello, told
employees he believes the investigation into alleged sexual
misconduct by the broadcaster's former CEO, Leslie Moonves, is
nearing an end and sought to reassure them after revelations about
the probe this week.
"It's frustrating that confidential information from the ongoing
investigation made its way to the public before management and the
board knew about it -- and importantly, before we could communicate
with all of you," Mr. Ianniello wrote in a memo to employees. "And
while we still don't yet know the actual results, I do understand
that the investigation is nearing an end."
Mr. Ianniello was appointed acting CEO in September when Mr.
Moonves stepped down amid allegations of sexual harassment and
assault. Mr. Moonves has said he regrets making women
uncomfortable, but has described several alleged encounters as
consensual and denied assaulting anyone.
His memo follows a report this week by the New York Times about
the findings from an investigation into Mr. Moonves'a conduct by
two law firms appointed by the board. The article said a draft
version of the investigators' report found Mr. Moonves obstructed
the investigation, revealed new allegations against him, and said
there were grounds to deny him $120 million in severance pay.
Mr. Ianniello, who is among the candidates to replace Mr.
Moonves as permanent CEO, turned attention to the company's strong
performance of late. "We should all be proud that we've been able
to maintain our focus, and continue to perform at a high level, no
matter the circumstances," he wrote.
"I know we are all anxious to put this chapter behind us," he
wrote.
Write to Benjamin Mullin at Benjamin.Mullin@wsj.com
(END) Dow Jones Newswires
December 07, 2018 02:47 ET (07:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Cbs Corp. (NYSE:CBS.WD)
Historical Stock Chart
From Sep 2024 to Oct 2024
Cbs Corp. (NYSE:CBS.WD)
Historical Stock Chart
From Oct 2023 to Oct 2024