CBS names Richard Parsons interim chairman of board
(Reuters) - CBS Corp on Tuesday named Richard Parsons as interim chairman of its board of directors, following the resignation of Leslie Moonves earlier this month amid a new wave of allegations of sexual assault and harassment.
(Reuters) - CBS Corp
The media company also said Bruce Gordon and William Cohen, who have served on its board since CBS became a standalone public company in 2006, have decided to step down from their posts to focus on other personal and professional priorities.
"Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience," Candace Beinecke, chair of the board's Nominating and Governance Committee, said in a statement.
Parsons served as chief executive office of Time Warner from 2002 to 2007, and was chairman of Time Warner's board from May 2003 to January 2009. He then served as chairman of Citigroup for three years.
Moonves stepped down as chairman, chief executive officer and president of CBS on Sept. 9.
(Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by Leslie Adler)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Pete Schroeder WASHINGTON (Reuters) - JPMorgan Chase & Co will resume making political donations to U.S. lawmakers but will not give to Republican members of Congress who voted to overturn President Joe Biden's election victory, according to an internal memo on Friday seen by Reuters. The bank was among many corporations that paused political giving following the deadly Jan
(Reuters) - Fintech company Square Inc is considering making a hardware wallet for bitcoin, Chief Executive Officer Jack Dorsey said in a tweet https://twitter.com/jack/status/1400839179513339905 on Friday. As bitcoin and other crypto-currencies have gained in popularity, many companies have emerged to serve a growing need to protect these assets from online theft. Bitcoin wallets can be stored offline or online at cryptocurrency exchanges, venues where bitcoin can be bought and sold for traditional currencies or other virtual coins.
By Foo Yun Chee BRUSSELS (Reuters) -The European Commission on Friday defined the scope of revised copyright rules adopted last year following criticism from governments, including France and Poland, but EU broadcasters and internet activists said there was a danger of censorship. The revamped copyright directive, the first overhaul in two decades, aimed to provide fair compensation for the bloc's $1 trillion creative industry and its 11.7 million employees. A central provision, Article 17, backed by the creative industry, would force Google-owned YouTube, Facebook's Instagram and other sharing platforms to install filters to prevent users from uploading copyrighted materials