CBS' Moonves skirts explosive allegations, sticks to strong earnings on call with investors
LOS ANGELES_Ignoring the swirl of sexual harassment allegations that threaten to end his long and successful career, CBS Chairman and Chief Executive Leslie Moonves was characteristically upbeat Thursday as he ticked off a list of his company's financial achievements in a call with investors.
Interest in CBS' second-quarter earnings call was so high that business news channel CNBC televised a live audio feed. Twitter buzzed with anticipation. However, a CBS executive quickly made it clear that they would field only questions about the company's strong financial performance "in light of pending litigation, and other matters, and on the advice of counsel."
The juxtaposition was jarring. CBS' stock has whipsawed since Friday, hours before The New Yorker magazine reported that multiple women said Moonves "forcibly kissed" them decades ago.
"It's shameful and irresponsible to
You’re reading a preview, subscribe to read more.
Start your free 30 days