The money will be subtracted from from whatever severance is due Moonves - who has held the titles of chairman, president and CEO - after an external investigation into misconduct allegations from a previous New Yorker report reveals its findings.
The shocking exposé detailed several instances of Moonves' alleged inappropriate behavior and unwanted advances, including forcing the women to preform oral sex on him and exposing himself without their consent, as well as the reported use of physical violence, intimidation, and retaliation. She filed a criminal complaint with the LAPD in 2017.
The board of directors told the New Yorker it was "committed to a thorough and independent investigation of the allegations, and that investigation is actively under way".
"He absolutely ruined my career", she told the New Yorker.
Les Moonves stepped down as head of CBS with immediate effect after six women came forward with new allegations. "I can only surmise they are surfacing now for the first time, decades later, as part of a concerted effort by others to destroy my name, my reputation, and my career". "And this I know is true to the core of my being: Women can not achieve equality in the workplace or society until there is a reckoning and a taking of responsibility".
Speculation about Moonves' departure swirled last week with news reports that the executive was in negotiations to leave with a potential payout of $100 million, an amount that drew criticism from #MeToo advocates and others.
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"Today's resolution will benefit all shareholders, allowing us to focus on the business of running CBS - and transforming it for the future", Redstone said in a statement. The donation comes out of Moonves' severance package.
It also concludes a months-long battle for control of CBS between Moonves and the company's controlling shareholder, Shari Redstone. Six more women accused the 68-year-old executive in a new article released earlier in the day by The New Yorker. Sarah Johansen, who was an intern in the late 2000s, says Fager once groped her at an office function and described the culture as "sexist" and a "boy's club".
A second New Yorker article by Farrow published on Sunday contained allegations by six more women.
CBS announced Moonves' departure, which takes effect immediately, early Sunday evening.
To make matters slightly more complicated, Moonves and CBS are now locked in a war with the company's main shareholder, National Amusements.
Among the claims made in both waves of allegations are that Moonves has a habit of setting up meetings with women, making sure no one else but him is around, and then making aggressive sexual advances.
After days of feverish speculation about the event, Moonves walked out onstage to a standing ovation. "So".