Tim Worner will stay on as chief executive of Seven West Media despite shares plunging 8 per cent on Monday amid revelations he was involved in a sex scandal with former executive assistant Amber Harrison.
Seven says Ms Harrison's claim contains "wide-ranging inaccuracies and false statements" and a confidential settlement deed entered into more than two years ago with Ms Harrison is binding.
Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com