The lucrative severance package that CBS is reportedly offering embattled CEO Leslie Moonves as enticement to leave the company isn’t sitting well with some observers. Variety reports that the advocacy group Time’s Up is campaigning against the package, reported to be worth about $100 million.
Time’s Up grew out of the sexual assault and sexual harassment revelations that have rocked the entertainment business — the same kinds of allegations that have been lodged against Moonves. Now the group is urging CBS Corp. board members not to reward Moonves on his way out the door.
Variety published a statement from a Time’s Up Spokesperson saying: “This is a precedent-setting moment for CBS — and culture at large. A man accused of rigorously reported allegations of harassment should not be rewarded with a golden parachute. Les Moonves walking away with a $100 million settlement sends a message to survivors everywhere that powerful men can act without fear of consequence. We remain in solidarity with the six women who bravely shared their stories, risking their own incomes and careers, as well as the untold other women who may still be afraid to speak out.”