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.