ViacomCBS probed, cleared CEO on misconduct allegation
[NEW YORK] ViacomCBS said on Thursday it investigated and subsequently cleared chief executive Bob Bakish following an allegation of sexual misconduct.
The US media-entertainment giant offered no details but confirmed a report that its board had conducted an independent review of the matter and ultimately took no action.
"The board takes any allegation of this type seriously," a company spokesperson said.
"An independent review of the alleged incident has concluded, and the investigation did not support the allegation."
The claim centred on alleged improper touching of another employee at a 2016 holiday party when Mr Bakish was acting CEO at Viacom, according to a report by the news site The Information.
Mr Bakish became CEO at Viacom a year later and then became head of the group after its merger in 2019 with CBS, whose CEO Les Moonves was ousted amid sexual misconduct allegations.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue