Daily Labor Report®

Corporate Boards Are No Longer Afraid to Say a CEO Was Fired

July 30, 2018, 6:23 PM

If recent history is any guide, Leslie Moonves won’t have to wait long to know if he still has a future at CBS Corp.

Boards are acting more quickly than ever to fire executives accused of misconduct, and they’re more likely to be clear about the reasons, according to two new studies. CBS’s board was meeting July 30, and thus far independent directors have expressed support for the 68-year-old CEO, who was accused of sexual harassment by six women in an article published in The New Yorker.

In the article, Moonves acknowledged making unwanted advances decades ago, but said he...

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