CBS To Use Outside Counsel In CEO Misconduct Investigation

An article in New Yorker magazine accused CBS CEO Les Moonves of sexual misconduct.

(Reuters) -- CBS Corp’s (CBS.N) board on Monday took no immediate action over allegations of sexual misconduct by Chief Executive Leslie Moonves but said it was in the process of selecting an outside counsel to lead an independent investigation into the matter.

The media and TV company on Friday disclosed plans for a probe as the New Yorker magazine published an article detailing claims by six women who said Moonves sexually harassed them in incidents between 1985 and 2006.

“No other action was taken on this matter at today’s board meeting,” the company said on Monday.

Moonves has said that he “may have made some women uncomfortable by making advances”, which he called mistakes that he regretted immensely, but that he understood “‘no’ means ‘no’” and had never used his position to harm anyone’s career.

Moonves says he regrets making women feel uncomfortable. Image: Getty Images.

The claims come as the #MeToo social movement has targeted business leaders, politicians and entertainers for sexual misconduct, leading to resignations in major corporations, Hollywood and among lawmakers.

Moonves is locked in a battle over control of CBS with the company’s largest shareholder, National Amusements Inc, which is owned by Shari Redstone and her father Sumner Redstone. Shari Redstone has proposed merging CBS with media company Viacom Inc (VIAB.O), also owned by National Amusements.

CBS Corporation owns Network Ten. 

Reporting by Munsif Vengattil in Bengaluru; Editing by Sai Sachin Ravikumar and Bill Rigby.