CBS Board Denies Les Moonves $120 Million Settlement

Illustration for article titled CBS Board Denies Les Moonves $120 Million Settlement
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After a five-month probe into the sexual assault allegations lodged against former CBS head Les Moonves, the board at the cable channel has decided not to give him any of the $120 million settlement he was promised.

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Variety reports that the board concluded their investigation and determined that Moonves’s behavior were cause enough for his firing. “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. Mr. Moonves will not receive any severance payment from the Company,” the board said in a statement.

Moonves was forced out of his job as CEO-chairman of CBS on September 9; he got the Ronan Farrow treatment in July, when the New Yorker published a story alleging instances of “unwanted kissing and touching” that went on for over 20 years. Most recently, Moonves was accused of destroying evidence and deceiving investigators in an attempt to preserve his reputation and secure the $120 million he was promised.

Senior Writer, Jezebel

DISCUSSION

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Probably worth mentioning that while they heroically found the means to not pay this creep 120 million on top of the 500 million or so he’d already made, they also managed to clear themselves of any institutional liability in what must have been a very happy coincidence.