According to Bloomberg News, the New York-based news and media company CBS named several M&A specialists to the board of directors; three of them women. The appointees were made on the heels of sexual-harassment allegations against Leslie Moonves, who resigned as CBS CEO Sunday, September 9.
The named executives are:
Candace Beinecke: A senior partner at the law firm Hughes Hubbard & Reed, focusing on corporate governance and M&A. In the 1990s, Beinecke counted Viacom among her high-profile clients. CBS was part of Viacom until a separation in 2006.
Barbara Byrne: Vice president of investment banking at Barclays and who spent nearly three decades at Lehman Brothers. Byrne has advised several companies on megadeals over her career, including Altria Group’s spinoff of Philip Morris International in 2008, the report continued. Byrne also co-produced and invested in “Equity”—a 2016 film about gender inequality on Wall Street.
CBS recently sued Shari Redstone, the daughter of media mogul Sumner Redstone, claiming that her calls for a merger with Viacom were detrimental to the interests of other CBS shareholders.
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