CBS Responds to Report CEO Moonves to Be Accused by New Yorker

CBS has issued a statement addressing allegations of misconduct, emphasizing their seriousness and the board's commitment to investigating them. Ronan Farrow has been investigating allegations against Les Moonves, which could impact the ongoing control dispute between Moonves and Shari Redstone over CBS. The allegations, if serious, might weaken Moonves' position, despite his successful track record and support from the board and shareholders.

What is the significance of Les Moonves' position in the company?

What potential impact could serious allegations have on a CEO's support?