The money will be reallocated

Ronan Farrow in the New Yorker:

Update: Three hours after the publication of this story, CNN reported that Moonves will step down from his position at CBS. A person familiar with the discussions said that Moonves will no longer receive any of his exit compensation, pending the results of the independent investigation into the allegations, and that a portion of the amount he would have received will be donated to organizations focussed on sexual harassment and assault.

Now that’s some powerful journalism.

Members of the board of the CBS Corporation are negotiating with the company’s chairman and C.E.O., Leslie Moonves, about his departure. Sources familiar with the board’s activities said the discussions about Moonves stepping down began several weeks ago, after an article published in the The New Yorker detailed allegations by six women that the media executive had sexually harassed them, and revealed complaints by dozens of others that the culture in some parts of the company tolerated sexual misconduct. Since then, the board has selected outside counsel to lead an investigation into the claims.

As the negotiations continue and shareholders and advocacy groupsaccuse the board of failing to hold Moonves accountable, new allegations are emerging. Six additional women are now accusing Moonves of sexual harassment or assault in incidents that took place between the nineteen-eighties and the early aughts. They include claims that Moonves forced them to perform oral sex on him, that he exposed himself to them without their consent, and that he used physical violence and intimidation against them. A number of the women also said that Moonves retaliated after they rebuffed him, damaging their careers. Similar frustrations about perceived inaction have prompted another woman to raise a claim of misconduct against Jeff Fager, the executive producer of “60 Minutes,” who previously reported to Moonves as the chairman of CBS News.

The terms of Moonves’s potential departure have yet to be settled. Last week, news reports had circulated that he might leave with an exit package of nearly a hundred million dollars. Several of the women expressed outrage that Moonves might be enriched by his departure from the company. Jessica Pallingston, a writer, alleges that Moonves coerced her into performing oral sex on him when she worked as his temporary assistant, in the nineties, and that, after she repelled subsequent sexual advances, he became hostile, at one point calling her a “cunt.” “It’s completely disgusting,” she said of the reports of Moonves’s potential exit package. “He should take all that money and give it to an organization that helps survivors of sexual abuse.”

But remember, children: “cunt” is not a term of misogynist abuse, no no, it’s a friendly, wholesome insult with no specific application to female people.

It’s a long story.

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