CBS late-night host Stephen Colbert took on the scandal surrounding network CEO Leslie Moonves on Monday after six women accused the executive of sexual misconduct in a New Yorker article published last week.
"CBS Corporation announced today that its Board of Directors is in the process of selecting outside counsel to conduct an independent investigation".
Later, after word of the incident, or at least the upset it had caused, got back to Moonves, he called Jones and threatened to ruin her career.
Kirgo - one of the six women whose experience with Moonves was included in the magazine story - said the meeting "went really well" but was surprised when Moonves, who was married to Nancy Wiesenfeld at the time, asked to meet her privately over dinner.
Meanwhile, CFRA Research downgraded CBS on Monday from buy to hold, citing the unclear near-term outlook for the company.
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The board plans to form a special committee that will oversee an investigation into both Moonves and the overall culture at the network, according to two sources familiar with the matter.
Following Monday's board meeting, CBS announced that it postponed the company's 2018 annual meeting of stockholders that was previously scheduled for August 10 until further notice. He gave us the time and resources to succeed, and he has stood by us when people were mad at me.
Colbert made light of the New Yorker piece at first, exchanging his coffee mug for alcohol during the monologue after learning the exposé was indeed a legitimate piece of journalism. He has also been waging a battle for independence with mogul Shari Redstone, who wants to combine CBS with its sibling company Viacom. Chen's The Talk co-star Sharon Osbourne questioned "the timing" of the allegations against Moonves as she offered support to the high-profile CBS couple. "He came around the corner of the table and threw himself on top of me", Jones told Farrow.
"I'm not actually sure what I said in response, but he said, 'Look, you're really expensive and I need to know you're worth it, ' " she recalled. Those were mistakes, and I regret them immensely.
Moonves has been very well compensated for his company's success. Moonves issued a statement apologizing for some of his past actions but reiterated that he never used his position of power to hinder anyone's career. She is a former CBS news anchor who also hosts the "Big Brother" reality show. In a statement to The New Yorker, Moonves acknowledged that he "may have made some women uncomfortable by making advances".