Aug 2, 2018

CBS hires two law firms to investigate allegations against Moonves

Les Moonves attends the 2017 CBS Upfront at The Plaza Hotel. Photo: Taylor Hill/FilmMagic

CBS' Board of Directors announced Wednesday evening they unanimously approved to assign two law firms to carry out investigations into misconduct by CEO and Chairman Les Moonves — Covington & Burling and Debevoise & Plimpton.

Why it matters: The Board has not moved quickly to suspend Moonves, who is expected to speak the broadcaster's third quarter earnings call Thursday, per Fox Business. It wants to ensure investors that its taking the allegations into Moonves' behavior seriously.

The details: Moonves will be entirely recused from the investigation, which will also look into CBS News and cultural issues at all levels of CBS.

  • Leading the investigation will be Nancy Kestenbaum for Covington & Burling and Mary Jo White for Debevoise & Plimpton.
  • CBS has formed a special committee of Board members to help facilitate the investigation, including Bruce S. Gordon, Linda Griego and Robert N. Klieger. serve as Lead Independent Director of the Board of Directors.

Go deeper: Les Moonves remains... for now

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Why it matters: The mishandled pandemic and the effects of climate change threaten to reverse global progress and push more than 100 million people into poverty around the world. Governments and big NGOs need to ensure that the COVID-19 recovery reaches everyone who needs it.

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Illustration: Sarah Grillo/Axios

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Fox News president and several hosts advised to quarantine in COVID-19 precaution

A political display is posted on the outside of the Fox News headquarters on 6th Avenue in New York City in July. Photo: Timothy A. Clary/AFP via Getty Images

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