The day after Les Moonves stepped down as CEO of CBS amid allegations of sexual misconduct, acting CEO (and former COO) Joe Ianniello sent a memo to staff saying, “at the at the core of any company is its culture. And never has it been more important for us to make it abundantly clear that CBS has a steadfast commitment to diversity, inclusion and a safe and positive working environment.” Ianniello also pointed to the strength of CBS’s businesses, saying, “Time and again, we have developed and executed strategies that capitalize on our unique and advantageous position, and what’s most exciting is that we are still in the early innings of that process.” CBS stock was down over 3.5% in early trading on Monday, but recovered enough to close down 1.5%.

CBS’s board has set aside $120 million in severance for Moonves if investigations into the allegations against him do not turn up evidence that would give the company cause to fire him, according to papers filed with the SEC. That’s after CBS deducted $20 million for donations Moonves and the company will make to organizations supporting equality for women in the workplace, and the #MeToo movement. Moonves has agreed to “perform advisory services” for CBS for one year to assure a smooth transition.

Monday’s season nine premiere of CBS daytimer The Talk went on without co-host Julie Chen, aka Mrs. Les Moonves. “I am taking a few days off from The Talk to be with my family,” said Chen in a statement. “I will be back soon and will see you Thursday night on Big Brother.”