By Nina Metz
WWR Article Summary (tl;dr) As columnist Nina Metz points out regarding Les Mooves and his exit package, “Whether it’s $80 million or $100 million or $120 million, these are staggering sums. Staggering sums to fork over to someone who stands accused of sexually assaulting and harassing colleagues”
How committed is CBS to change? Not much, by the looks of it.
There’s been a lot of news reported about the company these past few days. It’s worth pulling it all together to see a clearer picture of what is (and isn’t) actually happening.
As of late as last week, sources told CNBC that CBS chairman and CEO Leslie Moonves was in the process of negotiating a $100 million exit package.
On Sunday, The New Yorker published yet more allegations about Moonves that included claims he forced women to “perform oral sex on him, that he exposed himself to them without their consent, and that he used physical violence and intimidation against them.”
In the wake of this latest report from investigative reporter Ronan Farrow, Moonves resigned immediately and according to the LA Times: “CBS announced that it and Moonves will donate $20 million to organizations that support the #MeToo movement and equality for women in the workplace.”
Note this detail: “The donation, which will be made in the coming days, will be deducted from any severance benefits that might have been due to Moonves, who has been accused by multiple women of sexual misconduct.”
Meaning: That $20 million is coming out of Moonves’ $100 million, which is on hold pending an investigation currently being conducted by two outside law firms hired by the CBS board of directors.
If Moonves is fired for cause, that severance goes away entirely. Subtracting the $20 million donation, that money currently stands at $80 million.