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Warner Bros. CEO Kevin Tsujihara out after sexual misconduct allegations

WarnerBros CEO
Former Warner Bros. CEO Kevin Tsujihara. Photo: Drew Angerer/Getty Images

Kevin Tsujihara is out as CEO of Warner Bros. after an investigation into allegations of sexual misconduct, which were first reported in the Hollywood Reporter, WarnerMedia CEO John Stankey said in a statement obtained by CNBC Monday.

"It is in the best interest of WarnerMedia, Warner Bros., our employees and our partners for Kevin to step down as Chairman and CEO of Warner Bros. Kevin has contributed greatly to the studio's success over the past 25 years and for that we thank him. Kevin acknowledges that his mistakes are inconsistent with the company's leadership expectations and could impact the company's ability to execute going forward."

Why it matters: The company had just announced a promotion for the Warner Bros. vet to oversee all of WarnerMedia's Global Kids and Young Adults division, which includes assets like Adult Swim and Cartoon Network.

Commons speaker blocks another vote on Theresa May's Brexit plan

House of Commons Speaker John Bercow. Photo: House of Commons/PA Images via Getty Images

The Speaker of the House of Commons, John Bercow, blocked a third "meaningful vote" on Prime Minister Theresa May's Brexit plan in a surprise statement on Monday, stating that the Commons could not vote again on "the same proposition or substantially the same proposition" that was rejected by 149 votes last week.

Why it matters: It throws May's plan to once again submit her Brexit plan to members of Parliament into chaos as the U.K.'s exit from the European Union looms in 11 days.

Go deeper: Everything you need to know about Brexit

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