NEWS

Les Moonves Officially Out At CBS Without $120M Severance Package After Sexual Misconduct scandal

By Kate Feldman
New York Daily News

WWR Article Summary (tl;dr) The decision came after investigators said that Mooves was “evasive and untruthful at times and deliberately lied about and minimized the extent of his sexual misconduct”

New York Daily News

Les Moonves won’t get his $120 million severance after all.

The disgraced former CBS CEO won’t see a dime from the network after its board of directors finished its investigation into a series of sexual misconduct allegations against him.

“With regard to Mr. Moonves, 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,” CBS said in a statement Monday.

“Mr. Moonves will not receive any severance payment from the Company.”

More than a dozen women have accused Moonves of sexual harassment and assault dating back to the late ’80s, but he has denied all allegations of nonconsensual sex.

Investigators said that the former boss was “evasive and untruthful at times and to have deliberately lied about and minimized the extent of his sexual misconduct” during interviews with lawyers and allegedly destroyed evidence, according to an internal CBS report acquired by The New York Times.

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