CBS Will Not Attend Goldman Sachs Communacopia in Wake of Moonves News (Exclusive)
No one will replace former CEO at Wednesday’s analyst and investor conference, TheWrap is told
Tony Maglio | September 10, 2018 @ 12:57 PM
Last Updated: September 10, 2018 @ 1:29 PM
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CBS will not be sending an executive to participate at the 27th annual Goldman Sachs Communacopia conference this week, a person with knowledge for the booking told TheWrap exclusively. Ousted CBS CEO Leslie Moonves was scheduled to speak on Wednesday. He will not be replaced.
Moonves was slated to appear in the Gallery Ballroom on the fourth floor of the Conrad New York at 1:15 p.m. Not anymore. And though COO Joe Ianniello is taking over for Moonves as CEO and president of CBS on an interim basis, he will not be doing the same at the two-day event for investors, analysts and media members.
A spokeswoman for Goldman Sachs did not immediately respond to TheWrap’s request for comment on this story. A rep for CBS did not comment when reached.
Moonves was forced to resign from CBS Corporation on Sunday night after a dozen women accused the media mogul of sexual misconduct. Much of the reported misbehavior — which includes accusations of sexual assault — dates back as far as 40 years. Moonves denies having ever used his position to hinder a woman’s career.
Ianniello, who has served as the company’s COO since 2013, will run things while the CBS board searches for a permanent successor. The chairman position will remain open pending the appointment of a permanent CEO.
Moovnes joined CBS Corporation from Warner Bros. in 1995, when he was named president of CBS Entertainment. He became chairman in 2003 and was named CEO in 2006, following the split of CBS and Viacom.
Executive Compensation 2017: Top TV, Film and Tech Bosses Ranked by Pay (Photos)
There's no business like show business, and few bank on that fact yearly quite like Hollywood's top executives.
Scroll through our gallery for to see top TV, film and digital executives ranked by their 2017 executive compensation (updating as more companies release their top execs' packages).
Tim Cook Apple CEO 2016: $8.5 2017: $12.8 Change: +51 percent
Despite the iPhone X receiving a collective "meh," Apple is still cruising under Cook's stewardship; Apple hauled in a record-setting $88.3 billion in revenue during Q4 of 2017.
Bob Bakish Viacom CEO 2016: N/A (Predecessor Philippe Dauman made $93 million, thanks to golden parachute) 2017: $20.3 Million Change: N/A
The man at the opposite end of Moonves' very long (we imagine) negotiating table. Bakish is tight with National Amusements controller Shari Redstone, and both of them want the Viacom chief to be Moonves' No. 2 should the re-merger happen.
Ted Sarandos Netflix Chief Content Officer 2016: $18.9 million 2017: $22.4 million Change: +19%
Netflix added 20 million streamers and unleashed a slew of new content in 2017, including "Icarus," the drugs-in-cycling documentary that went on to win an Oscar. At the same time, its share price jumped 50 percent (before rocketing in 2018). Sarandos should take a bow -- and buy a very nice villa in the Mediterranean with his raise.
Reed Hastings Netflix President, Chairman and CEO 2016: $23.2 million 2017: $24.4 million Change: +5%
The Netflix head honcho joined the billionaire's club for the first time in 2017, thanks in large part to the company's gamble on original content paying off in spades. He's not taking a victory lap yet, though, with the streaming giant still firmly set on taking over Hollywood. At CodeCon 2017, he said he's always telling his content team to "get more aggressive," rather than "drive toward conformity."
Steve Burke NBCUniversal CEO 2016: $46.07 million 2017: $46.5 million Change: +0.9%
Burke's overall take for 2017 was roughly flat compared with 2016, but the NBCUniveral CEO managed to again bring in more than his boss at parent company Comcast.
Jeff Bewkes Time Warner CEO 2016: $32.6 million 2017: $49 million Change: +50%
Bewkes damn near matched his entire 2016 pay in 2017 stock options. Sometimes it's not so terrible for your company to be bought out. (You know, if the DOJ allows it.) Half of the Bewkes stock haul covers 2018, too -- an incentive to stick around through this merger.
Leslie Moonves CBS Chairman, President and CEO 2016: $69.6 million 2017: $69.3 million Change: No material change
CBS has been "America's Most-Watched Network" for more than a decade under Moonves, but is any amount of money worth that headache that this possible realignment with Viacom comes with? OK, still yes.
No one tell Dish Network’s Charlie Ergen what CBS chief Les Moonves made
There's no business like show business, and few bank on that fact yearly quite like Hollywood's top executives.
Scroll through our gallery for to see top TV, film and digital executives ranked by their 2017 executive compensation (updating as more companies release their top execs' packages).
