*By Madison Alworth*
The decision by CBS's board of directors to [keep](https://cheddar.com/videos/moonves-scandal-may-pave-the-way-for-cbs-viacom-merger) Les Moonves as CEO after allegations of sexual harassment by half a dozen women may have drawn public scrutiny, but the company's internal culture is also at risk, said Ripa Rashid, co-president at the Center for Talent Innovation.
"When leaders are alleged to be predators, it has a big fallout effect," Rashid said Tuesday in an interview with Cheddar.
Her non-profit think tank [published](http://www.talentinnovation.org/_private/assets/WhatMeTooMeans_KeyFindings-CTI.pdf) a study in July that charts the effects of workplace harassment on companies in the era of the #MeToo movement.
CTI surveyed 3,213 respondents, men and women, age 21 to 65. The data revealed that approximately one in three women have been harassed in the workplace, and, Rashid said, this can dramatically change any company's atmosphere ー and hurt its profits.
"Organizations need to take a stand, boards need to take a stand. Not just because it's a moral right thing to do, there's financial impact," she said.
According to CTI, victims of harassment are more likely to feel professionally unsatisfied, and their colleagues who are aware of the harassment are also more likely to experience disillusionment at work.
"The toxic corporate culture we find in our studies, people feel disengaged from \[it\]. They feel less likely to trust that organization. And people are going to start to look for other jobs," Rashid said.
For more on this story, [click here](https://cheddar.com/videos/how-corporations-are-impacted-in-the-wake-of-sexual-harassment-allegations).
One of the most self-made and success stories in the country, Emma Grede, has worked along with the Kardashian Jenner family on many of their best-known brands. Grede, CEO and co-founder of Good American, gave back to the next generation of business leaders as a featured speaker at the Chase for Business Make Your Move summit last week. She spoke with Cheddar News about her career, her company's fashion brand, working with the famous Kardashian-Jennifer family and balancing her own family life.
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Elon Musk's company XaI has announced a new chatbot called Grok.
SAG-AFTRA said over the weekend that it received the studios' last best and final offer following a meeting on Saturday, with the union saying it's reviewing it and considering a response "within the context of the critical issues addressed in our proposals."
Stocks rose slightly as Wall Street looks to continue its momentum with earnings season winding down.
Tyson Foods is recalling about 30,000 of its dino-shaped chicken nuggets after some consumers reported finding small metal pieces in those nuggets.
Google on Monday will try to protect a lucrative piece of its internet empire at the same time it’s still entangled in the biggest U.S. antitrust trial in a quarter century.
Before the SAG-AFTRA strike, this was the weekend “Dune: Part Two” was supposed to open. When Warner Bros. and Legendary pushed that opening back to March 2024 and no other blockbuster stepped in to take its spot.
A growing number of Californians are planting agave to be harvested forz use in spirits. The trend is fueled by the need to find hardy crops that don’t need much water and a booming appetite for premium alcoholic beverages.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week we highlight Paramount, Maersk, Starbucks, Uber, Lyft and Beyond Meat.
