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.
Any payments made to Moonves in the future will depend upon the results of the independent investigation and subsequent board of directors evaluation.
The women have said that Moonves forced himself on them, and that their careers suffered after they rejected his advances.
Although expected in recent weeks, Moonves' exit is a remarkable turn in the professional fortunes of one of the nation's most powerful executives.
CBS also settled its disagreement with Redstone's National Amusements and announced that Joseph Ianniello, the company's COO, will take over as CEO on an interim basis. And NAI said it has no plans to propose a merger of CBS and Viacom and that it won't propose such a deal for at least two years. As of this writing, no one affiliated with CBS or with Moonves have commented publicly on the ongoing negotiations between the two.
The donation to organisations fighting for "equality for women in the workplace" would be deducted from the severance benefits, it said.
The New Yorker reviewed Moonves' employment contract and Farrow told "GMA" that Moonves stands to receive a severance package of up to $100 million. "Phylils said, 'Who would believe me?"
With Moonves out, the likelihood that CBS will get sold has become much higher, said Greenfield.
Madison Keys rolls to her second consecutive US Open semifinal
Cilic was trying to get back to the US Open semifinals also for a third time, but 70 unforced errors did him in. Keys said she will look to home support on Thursday when she resumes her rivalry with Osaka.
CBS said it had launched an investigation.
Moonves issued a statement on Sunday night, citing "untrue allegations" about his behavior.
Moonves denied the allegations, and characterized his relationships with some of the women as consensual.
He continued: "In my 40 years of work, I have never before heard of such disturbing accusations".
She said numerous women accusing Moonves of inappropriate behavior have expressed concerns about speaking to CBS' independent investigators "because they are being paid by CBS".
In a regulatory filing Monday, CBS says the company will put $120 million in a trust that will go back to the company if the charges are substantiated and the CBS board decides it has cause for termination. We feel it's right and I personally know Les Moonves in a superficial way.
She says Moonves suggested going to lunch on a work day, but instead drove to a secluded area where he "grabbed my head and he took it all the way down onto his penis, and pushed his penis into my mouth".
Per the New Yorker, "Several of the women expressed outrage that Moonves might be enriched by his departure from the company".
The accusations were more serious than those from six other women who The New Yorker reported in July had accused Moonves of unwanted touching or kissing.
She said she decided it was best to repeat what she said on air after Rose was forced out last November.
Five current independent directors and one National Amusement-affiliated director have stepped down from the board of directors and 6 new directors have been elected, the company said.