Russell Simmons steps down after sexual assault allegation

Simmons, the founder of hip-hop music label Def Jam Recordings and CEO of Rush Communications, released a statement on Thursday after screenwriter Jenny Lumet accused him of forcing her to have sex with him in 1991.
Read more: http://money.cnn.com/2017/11/30/media/russell-simmons-sexual-assault-stepping-down-companies/index.html?source=Snapzu