The then-CBS president Les Moonves, pictured at the Lincoln Center in 2015. CBS and Moonves will pay $30.5m to compensate the network's shareholders as part of an insider trading investigation and for concealing sexual assault allegations against Moonves.The then-CBS president Les Moonves, pictured at the Lincoln Center in 2015. CBS and Moonves will pay $30.
A spokesperson for Paramount Global, which owns CBS, said it was “pleased to resolve this matter … without any admission of liability or wrongdoing”, adding that the “matter involved alleged misconduct by CBS’s former CEO, who was terminated for cause in 2018, and does not relate in any way to the current company”.Moonves resigned from CBS in September 2018
According to the document, the police captain tipped off CBS that a woman had lodged a complaint against Moonves. When the allegations ultimately became public anyway and Moonves resigned, the captain sent a note to a CBS contact saying, “We worked so hard to try to avoid this day.”