Maybe it’s the ongoing human resources problems that’s scaring off potential replacements for the unlamented Les Moonves (see above).
Maybe it’s the prospect of dealing with majority stockholder Shari Redstone.
Maybe it’s just not worth the trouble.
Whatever the case, Joe Ianiello continues as CBS Corp’s default CEO, signing a contract extension as the ongoing search for a permanent replacement was suspended by the company’s Board of Directors.
They’ll get back around to it next year.
While there is a small group of finalists, they’ll have to cool their heels while the corporation concentrates on next month’s upfront pitch to advertisers and the annual shareholder meeting.
On the bright side, Ianiello, a longtime Moonves acolyte, appears to have overcome any doubts about his ability to take on the job – according to the press release.
CBS’ Board of Directors said: “Joe has demonstrated exceptional leadership during this time of unprecedented transition at CBS. He steadied the ship with some key appointments and a commitment to cultural change, and steered it forward by focusing CBS’ operations around its growing direct-to-consumer strategy. We are very pleased to recognize Joe’s talents and efforts with this extension, and we look forward to all that he’ll continue to do to build on CBS’ remarkable momentum.”
Yeah, come 2020, he’ll be the guy