CBS and former CEO Leslie Moonves to pay $30.5M for covering up sexual assault allegations

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CBS and its former CEO Leslie Moonves have been ordered to pay $30.5M dollars — mostly to shareholders — for insider trading and covering up multiple sexual assault allegations, New York AG Letitia…

According to the AG’s office, a Los Angeles Police Department captain provided CBS executives with a confidential sexual assault complaint against Moonves in 2017 — months before the allegations became public.

Over the next several months the LAPD captain secretly updated CBS executives on the department’s investigation and even met with Moonves in person. He told the executives that he had spoken to his contacts within the department to stop the police report from being leaked. Additionally in CBS’ annual filing with the Securities Exchange Commission, the company stated under “risk factors” that its business “depends upon the continued efforts, abilities, and expertise of its chief executive officer and other key employees” with no mention that Moonves position as CEO was in jeopardy.

 

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Where is the outrage from the ‘cancel culture warriors? When do the protests & boycott start? Maybe right after the crickets? votered

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CBS, Moonves must pay $30.5 million for insider tradingNEW YORK (AP) — CBS and its former president, Leslie Moonves, will pay $30.5 million as part of an agreement with the New York attorney general's office, which says the network's executives conspired with a Los Angeles police captain to conceal sexual assault allegations against Moonves. CBS is paying the brunt of this 'fine' to make it go away quickly. Leslie Moonves is paying the cost of doing illicit business. Neither are really being punished, its just the cost of business. Sexual assault once was a crime and punishable with jail time.
Source: AP - 🏆 728. / 51 Read more »

CBS, Moonves must pay $30.5 million for insider tradingCBS and its former president, Leslie Moonves, will pay $30.5 million as part of an agreement with the New York attorney general’s office, which says the network’s executives conspired with a Los Angeles police captain to conceal sexual assault allegations against Moonves
Source: WOKVNews - 🏆 247. / 63 Read more »

CBS and Les Moonves reach settlement with New York attorney general over allegations of sexual misconduct, misleading investors and insider tradingThe New York Attorney General's Office said the majority of the settlement funds will be returned to company shareholders. Thankss a millon CBS. They should go after Norah for publishing fake Russian Collusion and all the classified data leaks. I think the truth should still come out
Source: CBSLA - 🏆 552. / 51 Read more »