Les Moonves has issued a statement following his resignation from CBS.  Read it below:

For the past 24 years it has been an incredible privilege to lead CBS’s renaissance and transformation into a leading global media company. The best part of this journey has been working alongside the dedicated and talented people in this company. Together, we built CBS into a destination where the best in the business come to work and succeed.Untrue allegations from decades ago are now being made against me that are not consistent with who I am.  Effective immediately I will no longer be Chairman and Chief Executive Officer of CBS.I am deeply saddened to be leaving the company. I wish nothing but the best for the organization, the newly comprised board of directors and all of its employees.

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