CBS CEO Moonves Faces Allegations of Sexual Misconduct; Board Could Replace Longtime Leader
CBS announced on July 27 that the firm has launched an investigation into allegations of sexual assault and misconduct by CEO Les Moonves. The investigation is in response to an article published on the same day in The New Yorker that included accounts of sexual harassment by Moonves from six women which spanned over 30 years. The board at CBS will meet on July 30 to discuss the allegations and could remove Moonves from his long-tenured role as the leader of CBS. Given the seriousness and the nu...CBS is a mass media company, which operates the following segments: Entertainment, which is consists of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, Network 10, CBS Interactive, CBS Sports Network, and CBS Films as well as the company's digital streaming services CBS All Access and CBSN; Cable Networks, which consists of Showtime Networks and its digital subscription streaming offering, and Smithsonian Networks; Publishing, which consists of Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner and Atria Books; and Local Media, which consists of CBS Television Stations and CBS Local Digital Media.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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