CBS stock plunges as company braces for Ronan Farrow's exposé of CEO Les Moonves https://t.co/dk27Euhl9O pic.twitter.com/s2I3TlgtDQ
— The A.V. Club (@TheAVClub) July 27, 2018
• The full story is expected to be published by The New Yorker later today.
• Reportedly includes allegations of multiple incidents involving unwanted touching and kissing, and details the culture of sexism and harassment at CBS.
• CBS stock fell 6%
• CBS has already announced that they will be launching an investigation on these allegations.
• Moonves has been in a dispute with Shari Redstone over the future of CBS (Redstone wants to merge CBS and Viacom, Moonves does not).
• CBS fired Charlie Rose late last year after allegations of harassment.
ETA: the article has dropped.
“A sexual assault, and then I was fired.” 6 women accuse Les Moonves, CBS chief and titan of television, of sexual misconduct and retaliation—and dozens more describe a culture of impunity across his company. My 8 month @newyorker investigation: https://t.co/QjBFXY3870
— Ronan Farrow (@RonanFarrow) July 27, 2018
• Six women came forward to allege misconduct spanning decades from the 1980s to the mid-2000s
• Four allege forcible touching or kissing during business meetings in what they describe as being part of a “practiced routine”
• Two tell Farrow that Moonves physically intimidated them and threatened to derail their careers.
• Thirty current and former CBS employees say that this type of behavior extended from Moonves to other parts of the company. This includes CBS News where some men who were accused of sexual harassment received promotions even after being reported.
• “It’s top down, this culture of older men who have all this power and you are nothing...The company is shielding lots of bad behavior,” an unnamed veteran producer tells Farrow.
tweet/article/Ronan Farrow tweet
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