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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

Trump nominee Christopher Waller confirmed to Fed board

Christopher Waller at a Senate Banking hearing earlier this year. (Photo: Sarah Silbiger/Getty Images)

The Senate voted 48-47 on Thursday to confirm Trump nominee Christopher Waller to the Federal Reserve Board of Governors — filling one of the two vacant slots on the influential economic body.

Why it matters: It's one of the last marks left on the Fed board by Trump, who has nominated five of its six members.

42 mins ago - Economy & Business

Boeing gets huge 737 Max order from Ryanair, boosting hope for quick rebound

Ryanair low cost airline Boeing 737-800 aircraft as seen over the runway. Photo by Nik Oiko/SOPA Images/LightRocket via Getty Images

Dublin-based Ryanair said it would add 75 more planes to an existing order for Boeing's 737 Max airplanes, a giant vote of confidence as Boeing seeks to revive sales of its best-selling plane after a 20-month safety ban following two fatal crashes.

The big picture: Ryanair's big order, on the heels of breakthrough vaccine news, is also a promising sign that the devastated airline industry might recover from the global pandemic sooner than expected.

Ben Geman, author of Generate
46 mins ago - Energy & Environment

Trump sets auction for Arctic refuge drilling rights before Biden takes office

Photo: Win McNamee/Getty Images

The Interior Department on Thursday said it will auction oil drilling leases in Alaska's Arctic National Wildlife Refuge in early January.

Why it matters: The procedural step would make it harder for President-elect Joe Biden to thwart drilling in the region, even though any actual development is years away.