Business

CBS Interim CEO Joe Ianniello Tells Staff Investigation “Nearing An End”

John Paul Filo/CBS

CBS interim CEO Joe Ianniello told his staff that he believes the investigation into alleged sexual misconduct by his predecessor, Les Moonves, is coming to a conclusion after seemingly endless media revelations.

Ianniello sought to reassure the staff after the New York Times obtained an early copy of an investigators report, which found Moonves had engaged in “multiple acts of serious, nonconsensual sexual misconduct,” both in the workplace and outside.

“Its frustrating that confidential information from the ongoing investigation made its way to the public before management and the board knew about it – and importantly, before we could communicate with all of you,” Ianniello wrote in the message. “And while we still dont yet know the actual results, I do understand that the investigation is nearing an end.”

The attorneys investigating the allegations are expected to deliver their report the CBS directors ahead of next weeks annual shareholders meeting. According to the New York Times account, the independent inquiry concluded that the media companys directors have justification to deny Moonves his $120 million severance.

Heres Ianniellos memo to the CBS staff:

I wanted to reach out regarding the troubling press reports weve all been reading about our Company recently. Its frustrating that confidential information from the ongoing investigation made its way to the public before management and the board knew about it – and importantly, before we could communicate with all of you. And while we still dont yet know the actual results, I do understand that the investigation is nearing an end.

We in management, as well as our board members, understand that these stories are very disconcerting. At the same time, we should all be proud that weve been able to maintain our focus, and continue to perform at a high level, no matter the circumstances.

We will continue to communicate as information comes in. I know we are all anxious to put this chapter behind us. In the meantime, thank you for your commitment to this outstanding Company and know were all in this together.

Joe

Original Article

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