CBS Board Says Les Moonves Will Not Receive $120 Million Severance | Entertainment Tonight
Antoine Antoniol/Getty Images The board of directors for CBS Corp. said Monday it found grounds to terminate ousted CEO Leslie Moonves "for cause" and will not pay out a severance package worth $120 million. In a statement, the board said it made its decision following the completion of a monthslong investigation into allegations of harassment andault against Moonves and cultural issues throughout CBS and CBS News."We have determined that there are grounds to terminate for cause, including his willful and material misfeasance, violation of Company policies and breach of his employment contract, as well as his willful failure to cooperate fully with the Company's investigation," the board said. The board also said the investigation had concluded that "harassment and retaliation" are not pervasive at CBS, though it acknowledged past instances of "improper and unprofessional conduct." The CBS board has not said whether it would publicly release the results of the investigation. The statement said past policies had not "reflected a high institutional priority on preventing harassment and retaliatio...
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