CBS chief Les Moonves, who faces sexual misconduct allegations, is expected to answer questions during corporate earnings call this week
- Les Moonves, the CEO and chairman of CBS Corporation, is reportedly planning to take questions from analysts during his company’s second-quarter earnings call on Thursday.
- The CBS chief faces sexual misconduct allegations from at least six women, as reported by The New Yorker last week.
- According to The New Yorker, Moonves is accused of unwanted sexual advances and intimidation dating back to the 1980s and 1990s.
Les Moonves, the CEO and chairman of CBS Corporation, is reportedly planning on speaking during his company’s second-quarter earnings call on Thursday, after a bombshell New Yorker report chronicled several sexual misconduct allegations against him.
Moonves reportedly plans on making himself available to analysts, but the company still has the option to prevent him from speaking, people familiar with situation told Fox Business Network in a report published on Tuesday.
The CEO is also being prepared for questions about the sexual misconduct allegations against him, which were brought to light when The New Yorker published its story last week. CBS’s board has since launched an internal investigation into the allegations and allowed him to continue running the company.
According to the story, six women have accused Moonves of unwanted sexual advances and intimidation dating back to the 1980s and 1990s. Four of the women interviewed by investigative journalist Ronan Farrow alleged that Moonves forcibly touched or kissed them in what were supposed to have been business meetings. Two other women say they believe he was influential in thwarting their careers after they rejected his advances.
Moonves has since said in a statement through CBS that although he tried to kiss one of the victims, he “denies any characterization of ‘sexual assault,’ intimidation, or retaliatory action,” according to The New Yorker.
“I recognize that there were times decades ago when I may have made some women uncomfortable by making advances,” Moonves said in a statement to The New Yorker. “Those were mistakes, and I regret them immensely.”
“But I always understood and respected — and abided by the principle — that ‘no’ means ‘no,’ and I have never misused my position to harm or hinder anyone’s career,” Moonves added. “This is a time when we all are appropriately focused on how we help improve our society, and we at CBS are committed to being part of the solution.”
CBS shares closed 2.71% higher at $52.67 in the New York Stock Exchange on Tuesday. Shares moved up nearly 1.5% in after hours trading.
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