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Former CBS chairman Les Moonves fired for cause, will not receive severance in wake of sexual miscon [View all]
Source: Washington Post
Former CBS chairman Les Moonves fired for cause, will not receive severance in wake of sexual misconduct allegations
By Elahe Izadi and Travis M. Andrews December 17 at 7:02 PM
Les Moonves, the once-powerful head of CBS, will not receive any severance payment in the wake of sexual misconduct allegations, CBS’s board of directors announced Monday.
The network made the announcement after the completion of a company investigation that found Moonves guilty of “willful and material malfeasance” and a failure to comply with the investigation. He was set to receive as much as $120 million as part of his severance package, depending on the results of the inquiry.
Moonves resigned in September after several women accused him of sexual misconduct in a pair of scathing exposes in the New Yorker.
A lawyer for Moonves called the CBS board’s conclusions “without merit.”
-snip-
By Elahe Izadi and Travis M. Andrews December 17 at 7:02 PM
Les Moonves, the once-powerful head of CBS, will not receive any severance payment in the wake of sexual misconduct allegations, CBS’s board of directors announced Monday.
The network made the announcement after the completion of a company investigation that found Moonves guilty of “willful and material malfeasance” and a failure to comply with the investigation. He was set to receive as much as $120 million as part of his severance package, depending on the results of the inquiry.
Moonves resigned in September after several women accused him of sexual misconduct in a pair of scathing exposes in the New Yorker.
A lawyer for Moonves called the CBS board’s conclusions “without merit.”
-snip-
Read more: https://www.washingtonpost.com/arts-entertainment/2018/12/17/former-cbs-chairman-les-moonves-fired-cause-will-not-receive-severance-wake-sexual-misconduct-allegations/
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