logo-loader
viewCBS

CBS shares fall on news of exposé alleging sexual misconduct by CEO Les Moonves

The New Yorker plans to publish a story by Pulitzer Prize-winning journalist Ronan Farrow

CBS sign
Farrow is the journalist behind the Harvey Weinstein story

Shares of media giant CBS Corporation (NYSE:CBS) are sinking on news that its CEO is accused of sexual misconduct.

Chief Executive Leslie Moonves will be the subject of an upcoming Ronan Farrow piece in The New Yorker, as per a CNBC report. Farrow is the Pulitzer Prize-winning journalist behind the Harvey Weinstein exposé that spurred the #MeToo movement.

The article claims that Moonves was involved in inappropriate and unwanted sexual behavior in events that date back 20 years.

Shares of CBS were down more than 7% to US$53.30 in Friday afternoon trading.

Quick facts: CBS

Price: - -

NYSE:CBS
Market: NYSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Tabula launches new ETF focussing on North American High Yield Credit Market

Tabula Investment Management Limited (LSE: TABS) CEO MJ Lytle joined Steve Darling from Proactive with news the company has started a new ETF that will be exclusively located on the London Stock Exchange under the ticker “TABS”  Lytle telling Proactive that ETF will focus on short exposure...

20 hours, 1 minute ago

2 min read