CBS Denies Moonves $120 Million Severance

Entertainment (now)
Entertainment (now)
  • 5 years ago
The CBS board of directors has denied ousted CEO Les Moonves any of the $120 million severance he was due under his contract.
In a statement the board said "Mr. Moonves will not receive any severance payment from the Company."
Business Insider reports the board said that there were grounds to terminate Moonves "for cause."
The longtime chairman and CEO was forced out September 9 amid a series of allegations of sexual assault and misconduct.

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