CBS late-night host Stephen Colbert took on the scandal surrounding network CEO Leslie Moonves on Monday after six women accused the executive of sexual misconduct in a New Yorker article published last week.
The allegations against Moonves come as CBS's board engages in a legal battle with Shari Redstone, CBS and Viacom's controlling shareholder who wants to merge the two companies.
Six women told The New Yorker that Moonves sexually harassed them.
After a couple more jokes, including one about how the CBS board is hiring outside lawyers to investigate (which is true) and they should just give the task to the network's new procedural, "CSI: CEO", Colbert moved on.
CBS's lack of immediate action against Moonves was a "slap in the face to the fearless women who came forward", said Melissa Silverstein, founder of the blog Women and Hollywood, in a Twitter post, as social media reacted quickly to CBS's announcement.
The board announced its action in a statement Monday, delaying a decision on the fate of the 23-year company veteran.
The board also postponed the corporation's annual meeting of stockholders, which had been scheduled for August 10. "And I will stand by this statement today, tomorrow, forever".
Les is now married to CBS anchor, producer, and TV host Julie Chen, with whom he shares an 8-year-old son, Charlie.
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There had been speculation earlier Monday about whether Moonves would step aside during the course of the investigation.
The drop in CBS shares follows a 6 percent decline on Friday when the report first surfaced.
The special committee is set to choose a law firm to lead the probe by mid-week, and determine whether Moonves should be suspended during the investigation, according to the Journal.
The statement from the board also did not address claims in The New Yorker about the culture at "60 Minutes" and its executive producer Jeff Fager. "I don't know. I don't know who does know". "I don't know what's going to happen, but I do believe in accountability", Colbert told his audience.
But he added that he had "never misused my position to harm or hinder anyone's career".
"I recognize that there were times decades ago when I may have made some women uncomfortable by making advances", Moonves said. And it may have a wider-reaching effect as CBS faces a potential merger Moonves is fighting tooth and nail.
Moonves, who has run the current CBS since 2006, has steered the company aggressively into the streaming arena.