Julie Chen briefly addresses Les Moonves allegations on 'The Talk'

Julie Chen briefly addresses Les Moonves allegations on 'The Talk'

"Late Show" host Stephen Colbert addressed recent allegations against his boss, CBS CEO Les Moonves, during his show Monday night, urging accountability, but stopping short of calling for specific action as the network executive faces allegations of sexual harassment.

It was not clear after Monday's meeting whether Moonves would stay on throughout the entire investigation or if the board is still discussing his removal.

Moonves, who transformed CBS into a ratings victor after joining the network in 1995, is one of the most powerful American men implicated in the #MeToo era that ignited previous year after the career implosion of Harvey Weinstein. And, make no mistake: Les Moonves is my guy.

The company is also scheduled to report quarterly earnings on Thursday and hold its annual shareholder meeting on Friday in Pasadena, California on August 10.

Colbert noted that Moonves had "stood by [his show] when people were mad at me and I like him", but he said that wouldn't stop him from holding him accountable for potential wrongdoings. For some time, the board has been split between those loyal to Moonves and Redstone, whose family owns a controlling stake in both companies. And she doubled down on her earlier support of the embattled executive. The stock has slipped more than 10% since news of the report surfaced.

Chen who shares son Charlie, 8, with Moonves, previously described her husband as a "devoted husband and inspiring corporate leader". "I don't know. I don't know who does know". Moonves issued a statement apologizing for some of his past actions but reiterated that he never used his position of power to hinder anyone's career. "So I don't know what's going to happen, but I do believe in accountability - and not just for politicians you disagree with".

CBS Corporation is the parent company of CBS News.

"From the perspective of what would be best for CBS and its shareholders, we think the best choice (among a set of bad ones, to be sure) would be for Moonves to step down and immediately be replaced by COO Joe Ianniello", Creutz wrote. Moonves did acknowledge trying to kiss actress and writer Illeana Douglas, according to the statement provided to The New Yorker.

Colbert made light of the New Yorker piece at first, exchanging his coffee mug for alcohol during the monologue after learning the exposé was indeed a legitimate piece of journalism.

Moonves has been very well compensated for his company's success.