Monday Wake-Up Call: CBS's interim chairman steps down. Plus, the industry's biggest fears
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What people are talking about today: Richard Parsons, interim chairman of CBS Corp., is stepping down for health reasons after less than a month on the job, the company says. He took on the role after sexual misconduct allegations toppled CBS’s longtime chairman and CEO, Les Moonves. Parsons’ replacement is Strauss Zelnick, CEO and chairman of Take-Two Interactive Software.
Parsons, the former CEO of Time Warner, is also departing CBS’s board. In a CBS statement, Parsons said he has been dealing with multiple myeloma and felt the situation was manageable when he took the role. “Unfortunately, unanticipated complications have created additional new challenges, and my doctors have advised that cutting back on my current commitments is essential to my overall recovery,” he wrote.
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