WeWork to open in Portland
Coworking giant WeWork plans to open a startup accelerator in Portland next month.
WeWork anticipates hosting 15 to 25 young companies with up to 10 employees apiece. The new startup accelerator will have 54 desks.
The company will charge $380 per desk, monthly, and won’t take an ownership stake in the startups it hosts.
Loan application startup sold
Mirador, a Portland startup that seeks to streamline loan applications for small businesses, said Wednesday it has been sold to a Wisconsin company called CUNA Mutual Group.
Founded in 2014, Mirador had raised closed to $10 million in venture backing. CEO Trevor Dryer said Mirador will retain its brand and its Portland headquarters. The terms of sale were not disclosed.
More accusations against Moonves
An internal investigation of former CBS chief Les Moonves has turned up more evidence of sexual misconduct, throwing into jeopardy his $120 million severance package.
Lawyers hired by the network allege in a draft report the TV executive committed “multiple acts of serious nonconsensual sexual misconduct” before and after he came to CBS in 1995. He deleted numerous text messages and was evasive under questioning, the report says.
Investigators received reports about an employee who was “on call” to perform oral sex on Moonves. Investigators found he received oral sex from at least four CBS employees “under circumstances that sound transactional and improper to the extent that there was no hint of any relationship, romance, or reciprocity.” The investigators say they interviewed 11 of the 17 women that accused Moonves and found their accounts credible.
The 59-page report is to be presented to CBS’ board of directors before the company’s annual meeting next week.
A lawyer for Moonves, Andrew Levander, said in a statement that Moonves said he cooperated. CBS declined to comment. Moonves was forced out in September, after The New Yorker published allegations from 12 women who said he subjected them to mistreatment that included forced oral sex, groping and retaliation if they resisted. Moonves denied the accusations, though he said he had consensual relations with some of the women.
In their report, the lawyers say the network has grounds to deny him severance. They say his pattern of behavior “arguably constitutes willful misfeasance and violation of the company’s sexual harassment policy.”