CBS Board to Investigate Allegations of Misconduct by CEO Leslie Moonves

CBS shares drop on news of the New Yorker’s upcoming report and CBS’s probe

CBS Corp.’s independent board of directors said they would investigate allegations of personal misconduct by the media company’s chief executive, Leslie Moonves, in response to claims in an as-yet-unpublished New Yorker article.

“All allegations of personal misconduct are to be taken seriously,” the directors said in a statement. “Upon the conclusion of that investigation, which involves recently reported allegations that go back several decades, the Board will promptly review the findings and take appropriate action.”

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