|Bid||0.00 x 800|
|Ask||0.00 x 1800|
|Day's Range||45.83 - 47.50|
|52 Week Range||45.83 - 61.59|
|Beta (3Y Monthly)||0.36|
|PE Ratio (TTM)||13.14|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||0.72 (1.50%)|
|1y Target Est||65.57|
Former Walt Disney Co. Chief Operating Officer Tom Staggs has emerged as a top candidate to become CBS Corp.’s new chief executive, people familiar with the matter said, as the network tries to move past months of uncertainty and upheaval since the departure of Leslie Moonves over allegations of sexual harassment. The interest in Mr. Staggs has been informally conveyed to the executive, who left Disney in 2016 when it became clear he wouldn’t succeed Robert Iger as Disney’s chief executive, the people said. Other potential candidates for the CEO position include Hasbro Inc. CEO and CBS director Brian Goldner and Starz Chief Operating Officer Jeffrey Hirsch, a person close to the process said.
former COO has emerged as the leading candidate to run CBS Corp. CBS as it tries to move beyond a series of sexual harassment scandals, according to a published report. Tom Staggs, who left Disney in 2016 after he fell out of running for the top job, has been "informally approached" by CBS about its interest in hiring him for the top job, The Wall Street Journal reported Tuesday. Others on the list include CBS interim CEO Joe Ianniello, CBS director Brian Goldner and Starz Chief Operating Officer Jeffrey Hirsch, the Journal reports.
The decision to not provide its ex-CEO with the $120 million in severance comes after an investigation into claims of misconduct concerning Les Moonves. The company notes that findings from the investigation allow the company to deny him the severance pay. According to the CBS Board of Directors, Les Moonves broke his contract, which allows the company to fire him without severance.
The CBS board of directors announced Monday afternoon that its investigation found cause for his termination, which means he is not entitled to his severance.
The guardian would serve as an independent representative — similar to what's used when children or the incapacitated are involved in a legal dispute.
Moonves resigned in September after sexual misconduct allegations were made public by the New Yorker and Vanity Fair. At that time, the executive was eligible to receive a severance package of up to $140 million of which $20 million was set aside to be donated to various charities and organizations that fight against workplace harassment and promote equality.
Bear Market Who’s Who Marketwatch came out with a good infographic showing which leading stocks, sectors, and indices are in bear markets. The results are unsettling, if you’re a bull. Of the major indices, the S&P 600 Small Cap Index is the only one actually down in bear market territory, 22% from highs. Three sectors […] The post Market Morning: Bear Market Overview, J&J Fights Back, Facebook Gets Stern Letter, Moonves Out to Dry appeared first on Market Exclusive.
CBS announced Monday that former CEO Les Moonves will not receive his $120 million severance package after the board of directors concluded he violated company policy and was uncooperative with an investigation into sexual misconduct allegations.
CBS Corp. said it won’t pay former chairman and chief executive Leslie Moonves any of his $120 million severance package after reviewing the findings of a probe into allegations he sexually harassed and assaulted many women during his career. The CBS board of directors said investigators concluded that there were grounds to terminate Mr. Moonves for cause. Mr. Moonves violated company policies, breached his employment contract and intentionally failed to cooperate fully with the investigation, the board said in a statement.
A California judge on Monday ordered that Sumner Redstone, the controlling shareholder of CBS Corp. and Viacom Inc., be placed under court-appointed guardianship, as part of a yearslong legal battle involving the 95-year-old media mogul’s ex-girlfriend. At a hearing in Los Angeles Superior Court, Judge David Cowan said he would grant the motion by Mr. Redstone’s grandson, Tyler Korff, for the appointment of a guardian “ad litem,” an independent representative most often used when children or the incapacitated are involved in a legal dispute. Robert Klieger, Mr. Redstone’s attorney, said the decision had no bearing on the status of Mr. Redstone’s trust, which holds 80% of the shares of National Amusements Inc., a holding company that in turn owns nearly 80% voting stakes in CBS and Viacom.
“With regard to Mr. Moonves, we have determined that there are grounds to terminate for cause,” CBS wrote in a statement Monday evening. On the one hand, #MeToo has taken away a lot of the shame and fear of speaking up about sexual assault, it’s made pariahs of some of the accused — like Moonves and fellow entertainment executive Harvey Weinstein — and it’s given women hope.
Disgraced former CBS Corp. CEO Leslie Moonves will not receive his massive $120 million golden parachute, the media giant said Monday in a statement. Moonves, the ex-chief executive of CBS, was accused of sexual misconduct over the summer in a New Yorker report, and was ejected from the network in September.
The decision to deprive Moonves of his severance follows a board of directors review of the findings of an investigation into Moonves' behaviour and the CBS culture conducted by two law firms, Debevoise & Plimpton and Covington & Burling, hired by CBS. "We have determined that there are grounds to terminate for cause, including his willful and material misfeasance, violation of company policies and breach of his employment contract, as well as his willful failure to cooperate fully with the company’s investigation," CBS's board of directors said in a statement that did not disclose details of the investigation. It accused Moonves of destroying evidence and seeking to mollify accusers with promises of jobs at CBS.
The decision to deprive Moonves of his severance follows a board of directors review of the findings of an investigation into Moonves' behavior and the CBS culture conducted by two law firms, Debevoise & Plimpton and Covington & Burling, hired by CBS. "We have determined that there are grounds to terminate for cause, including his willful and material misfeasance, violation of company policies and breach of his employment contract, as well as his willful failure to cooperate fully with the company’s investigation," CBS's board of directors said in a statement that did not disclose details of the investigation. It accused Moonves of destroying evidence and seeking to mollify accusers with promises of jobs at CBS.
“With regard to Mr. Moonves, we have determined that there are grounds to terminate for cause,” the CBS board said.
CBS Corp. said late Monday its board of directors has completed an investigation of former Chief Executive Leslie Moonves, which determined that Moonves will not receive "any severance pay" from the media company since there are grounds to oust him for cause, including Moonves' alleged "willful and material malfeasance," lack of cooperation in the investigation, and breach of his employment contract, the company said in a statement making the rounds in social media and elsewhere. The investigation also unveiled that while harassment and retaliation were not "pervasive" at CBS, the company's practices "have not reflected a high institutional priority" on preventing those. The company has already begun to take steps to improve its working environment, CBS said. Moonves was forced out as Chairman and CEO of CBS in September after The New Yorker reported six women had accused him of sexual misconduct. Last month, another woman told The New York Times Moonves had forced himself on her and then tried to buy her silence.
Supreme Court justice Ruth Bader Ginsburg says she's already working out with her trainer after a fall last month, HuffPost reports. Talking with NPR's Nina Totenberg, Bader Ginsburg, 85, said over the weekend that she's better and that her ribs are almost healed. The two were talking in advance of a new biopic, "On the Basis of Sex." The movie, starring Felicity Jones, tracks Bader Ginsburg's work to advance women's rights while working as a young attorney in New York.
CBS Corp. detailed where it plans to give part of the exit package of Leslie Moonves, its former chairman and CEO who resigned in September in the wake of allegations of sexual harassment. The company on Friday said it would donate $20 million to 18 organizations dedicated to eliminating workplace sexual harassment, a commitment it made after Mr. Moonves’s resignation. The $20 million figure will be deducted from any severance Mr. Moonves would get from the company.
CBS Corp (CBS.N) on Friday named the Time's Up anti-sexual harassment group and 17 other organizations that will share a $20 million donation stemming from the exit of its chief executive Les Moonves following allegations of sexual misconduct. Time's Up and the body representing Hollywood producers swiftly announced that they will spend their share of the funds on programs to increase diversity in the entertainment industry, and provide anti-sexual harassment training. Moonves, a major figure at the CBS broadcast network for more than two decades, was forced out in September after multiple allegations of sexual misconduct.
Recent stories on WarnerMedia, Apple, Netflix, Amazon, Quibi and other streaming services reported by The Business Journals and elsewhere.
NEW YORK , Dec. 14, 2018 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) announced today that it will disburse a pledged $20 million to 18 organizations to support eliminating sexual harassment in ...
(Bloomberg Opinion) -- To CBS Corp. and any other companies that have used money to silence women targeted by sexism and harassment: Women don’t want settlements. They want to work and be treated as equals in their respective fields. It shouldn’t be this hard.