In 2018, CBS faced intense scrutiny when CEO Les Moonves was accused of sexual misconduct. The network’s delayed response, even as allegations stacked up, led to increased public backlash and investor unease, resulting in a slump in CBS’s stock price. The situation highlighted how slow action can essentially become inaction, compounding both reputational and financial risks.
A strong, proactive risk mitigation plan is essential to protect employees, the company, and its shareholders. Swift internal responses to complaints not only prevent escalation but also maintain trust and safeguard long-term value.
