Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Want a daily digest of the top Nashville news?
Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.
Want a daily digest of the top Columbus news?
Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.
Want a daily digest of the top Dallas news?
Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
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