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Viewsroom

Viewsroom: CBS’s $184 mln #MeToo challenge

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 2 August 2018

⏱️ 23 minutes

🧾️ Download transcript

Summary

That’s what CEO Les Moonves gets if he leaves the U.S. TV network – unless fired for cause. That’s rare in corporate America. But allegations he sexually harassed women put the board on the spot. Plus: Hong Kong battles the Big Apple for IPOs. And China faces a vaccine scandal. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

AI is incredible. They can teach you how to fry an egg and even write a poem, pirate style.

0:07.0

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

0:14.0

It knows your schedule. It can turn a brainstorm into a brief and it doesn't need to be taught.

0:20.0

Because Slackbot isn't just another

0:22.4

AI. It's AI that knows your work as well as you do. Visit Slack.com forward slash meet Slackbot

0:28.8

to learn more. The views expressed on this podcast are those of the participants, not of Roalders News.

0:40.0

CBS faces a $184 million me-to moment, delving into China's biotech scandal and Hong Kong and New York

0:49.4

battle for China's IPOs. These are the topics we'll be discussing on this week's views room, a weekly

0:55.3

conversation among Breaking View's columnists about the ups and downs of the world of finance.

1:00.3

I'm Anthony Curry and with me is my co-host, Jennifer Saber. Hi, Jen. Hello. So we'll be handing

1:05.9

over to our Hong Kong team later in the show, but we start with the scandal that has hit CBS in recent days.

1:12.7

A New Yorker article last week accused the US TV network's long-time boss, Les Moonvis,

1:17.8

of sexual harassment over the past two decades. It adds yet another crisis for CBS's aging

1:23.2

bored to deal with. Now, Jen, as the Breaking breaking views meet a guru, this is squarely in your

1:27.7

patch, and you argue in your latest column that $184 million rests on how directors deal

1:33.5

with this current crisis. So before we get into absolutely everything else, talk us through

1:37.7

what the importance of this number is. Okay, so $184 million is what Les Moonvez would get as part of his exit package if he is terminated without cause.

1:50.0

So to put this in perspective, Les Moonvez is one of the most highly paid CEOs in all of corporate America.

1:59.0

He typically ranks number one or number two, more or less.

2:02.2

This is what Equilar found and some research that they did in terms of how much he is compensated.

2:07.8

Is this for public companies or all companies or?

2:10.1

S&P 500.

...

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