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Article snippet: CBS Chairman and CEO Leslie Moonves resigned from his role "effective immediately" on Sunday amid fresh allegations of sexual misconduct, the company announced in a press release. CBS announced the move Sunday, hours after The New Yorker published a second story detailing allegations that Moonves harassed female employees and coerced one woman into performing oral sex. As part of his depature, Moonves and CBS will donate $20 million to one or more organizations that support the #MeToo movement, which supports women who have been victims of sexual harassment or sexual assault. The donation will be deducted from any severance benefits that Moonves would have received upon his departure, CBS said in a press release. Chief Operating Officer Joseph Ianniello will replace Moonves on an acting basis while the company's board of directors searches for a permanent successor, the network said. The company did not rule out the possibility of Moonves receiving future benefits, stating that such a payment "will depend on the results of the independent investigation and subsequent Board investigation." In a statement obtained by Variety, Moonves spoke fondly of his time leading CBS, and called the allegations against him "untrue," and "not consistent with who I am." "I am deeply saddened to be leaving the company," Moonves said. "I wish nothing but the best for the organization, the newly comprised board of directors and all of its employees.” The announcement arrived as the n... Link to the full article to read more