Richard Quest, Quest Means Business, CNN Money, September 10, 2018
It’s a pivotal moment for the #MeToo Movement and for CBS. Their Chief Executive, Les Moonves, is leaving the company immediately, pushed out by fresh accusations of sexual assault. Moonves is the first Fortune 500 CEO to be ousted through the #MeToo era.
The controversy isn’t over because the details of Moonves’ payout is still to be decided. CBS shares have regained some of the early losses. They are still down for the day, that’s partly because with Moonves gone, the battle for control of CBS has come to an end.
Richard Quest talked to media reputation strategist, Davia Temin, about Moonves’ exit and potential payout, the #MeToo Movement, how a board should respond to years’ old allegations, and Serena Williams’ response to her fine at the U.S. Open. […read more]