The board of directors at CBS announced last evening that it has selected 2 law firms to investigate 3 matters. The issues are the media allegations about CEO Les Moonves, CBS News, and the culture at the media company.
The law firms are: Covington & Burling and Debevoise & Plimpton.
Finally, it seems that the board is doing the right thing. Earlier it had been slammed in the media for what seemed to be stonewalling. Still, CBS investors are likely ripping mad. Is there a shareholder class action lawsuit in the near future?
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