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USA television giant CBS announced Sunday the immediate departure of CEO Leslie Moonves, one of the biggest scalps in the #MeToo era, following a slew of escalating sexual misconduct allegations.

The company's statement, part of a larger announcement about corporate restructuring, said that Moonves and the company will donate $20 million to organizations that support the #MeToo movement, an umbrella name for efforts to combat sexual assault, harassment and inequality in the workplace that rose to prominence after last fall's sexual misconduct allegations against film mogul Harvey Weinstein.

CBS CEO Les Moonves will step down on Monday amid more allegations of sexual harassment, FOX Business has confirmed. The donation, which will be made immediately, has been deducted from any severance benefits that may be due Moonves following the Board's ongoing independent investigation led by Covington & Burling and Debevoise & Plimpton.

The New Yorker reported on Sunday that CBS would no longer offer Moonves any exit compensation, pending the results of its investigation.

Joseph Ianniello will serve as president and acting chief executive. It is unclear when he first knew that he had to go.

One of the women who came forward is the veteran television executive Phyllis Golden-Gottlieb, who told Farrow that she filed a report with the Los Angeles Police Department (LAPD), accusing Moonves of "physically restraining her and forcing her to perform oral sex on him, and of exposing himself to her and violently throwing her against a wall in later incidents".

Moonves's departure had been on the cards, with U.S. media reporting in recent days that the terms of his departure had been under negotiation for weeks, and a deal had been expected before markets open Monday.

Farrow reported that tension has permeated the company, with law firm investigators seeking interviews with staffers as other men in senior positions are accused of similar assaults. The women who were able to fend off his advances were then met with hostility, coldness, and verbal abuse.

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"The CBS board of directors is committed to a thorough and independent investigation of the allegations, and that investigation is actively underway", the media company's board said in a statement.

The six women in the latest piece allege sexual harassment or assault by Mr Moonves between the 1980s and the first decade of this century.

Leslie Moonves has cited "untrue allegations" about his behavior in his parting statement following his forced resignation on Sunday from CBS Corp., the company he has steered for almost 25 years.

"The appalling accusations in this article are untrue", Moonves told The New Yorker.

CBS said on Sunday it takes such allegations very seriously. "We believe them", Times' Up said in a statement on Sunday.

Moonves could not immediately be reached to comment on Sunday after the latest claims. "I am deeply saddened to be leaving the company". No severance amount was cited in Sunday's announcement. Discussions had focused on the size of a severance package, and on whether Moonves would move to a producer role, the Times reported.

The company was silent on the terms of a possible settlement with Moonves, who had been negotiating a $100 million exit package.

Following the New Yorker report in August, Moonves said he regretted "immensely" making some women uncomfortable by making advances, but added that he abided by the principle that "no" means 'no, ' and stated he had never misused his position to harm or hinder anyone's career. Other women describe forced kissing, groping, propositions, with numerous encounters taking place during work time, as well as later efforts to harm careers.