CBS Board Meets, Takes No Action Against Embattled CEO Leslie Moonves

But it will hire outside counsel for an independent investigation into allegations

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CBS Corp. chairman and CEO Leslie Moonves lives to fight another day.

The CBS board held a previously scheduled board meeting today ahead of Thursday’s quarterly earnings announcement. It said it took no further action about Moonves, who was accused by six women of sexual harassment and intimidation in Friday’s New Yorker story.

The “Board of Directors is in the process of selecting outside counsel to conduct an independent investigation. No other action was taken on this matter at today’s board meeting,” said the board in a statement.

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