Daily Labor Report®

CBS’s Moonves Toppled by Harassment Allegations, Redstone Clash (2)

Sept. 10, 2018, 10:08 AM

Les Moonves, who led CBS Corp. to the pinnacle of the TV industry with shows like “The Big Bang Theory” and “N.C.I.S.,” will step down from the business he’s run for more than 20 years after being accused of sexual harassment and running afoul of his biggest investor.

Moonves will relinquish the titles of chairman and chief executive officer of CBS immediately, CBS said in a statement on Sept. 9. Chief Operating Officer Joseph Ianniello will replace him as chief executive officer on an interim basis while the company searches for a permanent leader. CBS will set aside a $120...

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