Photo by Brad Barket/Getty Images for Peabody

Jeff Fager, the longtime executive producer of the iconic "60 Minutes" Sunday news broadcast, is out after months of allegations of sexual harassment.

Why it matters: His exit follows the high-profile departure of CBS chief Les Moonves, who left the network Sunday after two reports were published alleging the executive sexually harassed over a dozen women over three decades.

The details: CBS President David Rhodes sent a memo to employees, obtained by Axios and first reported by CNN, detailing Fager's departure.

  • In the memo, CBS President David Rhodes says Fager is leaving because he violated company policy, and that "his departure is not directly related to the allegations surfaced in press reports."
  • Rhodes also explained replacement plans, "Jeff Fager is leaving the company effective immediately. Bill Owens will manage the 60 Minutes team as Ingrid Ciprian-Matthews and I begin the search for a new executive producer of the program."
  • Rhodes says interim CBS chief Joe Ianniello "is in full support of this decision and the transition to come."

The allegations against Fager, allege that he was complicit in allowing a culture of sexual harassment at the network and that he made women uncomfortable while inebriated at company parties.

The big picture: Fager joins a growing list of high-profile network individuals to leave a company in part due to accusations or findings of sexual misconduct, including CBS' Moonves and Charlie Rose, Fox's Roger Ailes and Bill O'Reilly, and NBC's Mark Halperin and Matt Lauer.

Go deeper

Scoop: Instacart raises another $100 million

Illustration: Sarah Grillo/Axios Visuals

Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced last month, the company tells Axios. This brings its valuation to $13.8 billion.

Why it matters: This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.

Updated 29 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 10,902,347 — Total deaths: 521,940 — Total recoveries — 5,777,662Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 2,739,879 — Total deaths: 128,740 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Regeneron stops trial after drug fails to help patientsWhat we know about the coronavirus immune response — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  6. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  7. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.

Markets swell as the economy shrinks

Illustration: Eniola Odetunde/Axios

The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.