CBS denies Moonves $120M severance after sexual assault claims [MSN Money]
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Source: MSN Money
© Chelsea Lauren/Variety/REX/Shutterstock The CBS board of directors has denied former chairman-CEO Leslie Moonves any of the $120 million severance he was due under his employment contract after conducting a five-month internal probe of his conduct and the corporate culture at CBS Corp. Load Error “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 Monday. CBS’ longtime leader was forced out Sept. 9 amid a cascade of sexual assault and misconduct allegations. The probe reportedly found damning allegations of Moonves abusing his power as CEO and engaging in shocking instances of sexual misconduct with employees at CBS. The move sets the stage
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