CBS’ Controlling Shareholder is Quietly looking for a New CEO

Shari Redstone, the controlling shareholder of CBS Corporation, is quietly looking for a potential replacement for Leslie Moonves, the embattled chief executive of CBS, according to two people close to her.

The sources, who asked not to be named because they were not authorized to speak publicly on the matter, said that Redstone has asked people about possible replacements who could run CBS.

Richard Parsons, the former CEO of Time Warner, who is expected to join the CBS board, is helping to forward names of potential candidates to Redstone, according to one executive. Parsons was not immediately available for comment, according to an assistant at his office.

Spokespeople for CBS and National Amusements, the Redstone family’s holding company that controls CBS, both declined to comment.

The discussions come as Moonves continues to grapple with the fallout from sexual misconduct allegations recently published in The New Yorker, though it is far from clear that Moonves is planning to step down. On July 27, the magazine reported that six women, four of whom spoke on the record, have accused Moonves of sexual harassment or misconduct. Of these allegations, four accused Moonves of forcible touching or kissing, and two alleged sexual misconduct or harassment. The allegations stretch from the 1980s to the 2000s.

Moonves said in a statement to The New Yorker: “I recognize that there were times decades ago when I may have made some women uncomfortable by making advances. Those were mistakes, and I regret them immensely. But I always understood and respected — and abided by the principle — that ‘no’ means ‘no,’ and I have never misused my position to harm or hinder anyone’s career.”

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Source: NBC News