CBS CEO Leslie Moonves resigns following sexual harassment allegations

CBS CEO Leslie Moonves hit with six additional claims of sexual harassment and assault

Les Moonves has been accused of sexual assault by six additional women

When Ronan Farrow of The New Yorker published the first story about Moonves in July, Moonves acknowledged making some mistakes in the past, but said he had never abused his power.

The women spoke to the New Yorker after six other women alleged in an article published in the magazine in early August that Moonves had sexually harassed them.

The company announced the news late Sunday, noting that Joseph Ianniello, CBS's current COO, has been named president and acting CEO while the CBS Board of Directors conducts a search for a permanent successor.

CBS stock was trading down about 3% in early trading on Monday. Shares tumbled 6 percent in late July, the worst one-day sell off in almost seven years, after details of the accusations surfaced.

After Moonves' exit was announced and CBS said he wouldn't be getting any severance for the time being, Bloom posted a new message: "Good".

CBS owns the CBS TV network, cable network Showtime and the publisher Simon & Schuster. He's been paid handsomely for his success, earning just under $70 million in both 2017 and 2016. The company would not comment on Moonves' status.

In addition, Farrow found complaints from several female masseuses at the Four Seasons Hotel who claimed that Moonves repeatedly exposed himself to them and tried to solicit sexual encounters.

Moonves's departure had been on the cards, with U.S. media reporting in recent days that the terms of his departure had been under negotiation for weeks, and a deal had been expected before markets open Monday. Reports that it could include a multi-million dollar payout provoked some online anger.

Law enforcement told the New Yorker that Golden-Gottlieb's allegations appeared credible.

O'Donnell said that Moonves had always treated her "fairly and with respect". All of them said they believed their careers had suffered because they rejected his advances.

Jessica Pallingston, who accused Moonves of forcing her to perform oral sex on him while she was his assistant in the 1990s, called his reported golden parachute "completely disgusting".

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The woman interviewed in the latest story alleges sexual harassment or assault by Mr Moonves between the 1980s and the first decade of this century.

"He absolutely ruined my career".

Les Moonves stepped down as head of CBS with immediate effect after six women came forward with new allegations.

The Time's Up movement urged CBS to "move swiftly and decisively to create a safe work environment", adding: "We will accept nothing less than full transparency of the investigation's findings".

"In my 40 years of work, I have never before heard of such disturbing accusations", the 68-year-old continued. "And this I know is true to the core of my being: Women can not achieve equality in the workplace or society until there is a reckoning and a taking of responsibility". The same "global" agreement to settle that dispute will cover Moonves' departure, CNN reported.

CBS will donate a portion of Moonves's exit settlement to charity, the sources said.

It's hard to imagine CBS without Moonves. Television, where his team developed hit shows such as "Friends" and "ER". Moonves has the right to take CBS into binding arbitration.

Also new to the board are: Richard Parsons, former chairman of Citigroup and Time Warner; Brian Goldner, CEO of Hasbro; and Strauss Zelnick, CEO of Take-Two Interactive TTWO.O.

Among other challenges, Ianniello will have to restore confidence in the culture of CBS.

Yet this spring there were already signs the end was near.

National Amusements agreed to avoid pressing for a merger of CBS and Viacom, which is also controlled by National Amusements, for at least two years. He even skipped an event he created and relished, an annual breakfast meeting with reporters dubbed "Lox with Les". The hope is that a new CEO and big transition on the board of directors - with six new members joining the 14-member panel - will allow for a fresh start.

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