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Following numerous sexual harassment allegations against Les Moonves, the CBS head will step down from the company “effective immediately.”

On Sunday, CBS announced it had reached a settlement with Moonves, a 24-year veteran of the company, and that he and CBS will donate $20 million to organizations that support the #MeToo movement.

The donation will be deducted from severance benefits which may be due to Moonves, and any payments made in future will be dependent on results of a third-party investigation by law firms Covington & Burling and Debevoise & Plimpton. Read more…

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