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AP, ABC News

Moonves Fights for His $120 Million CBS Severance

Jan 17, 2019  •  Post A Comment

Leslie Moonves, who was fired as chairman and CEO of CBS Corp. amid allegations of sexual misconduct, is fighting the company’s decision to deny his $120 million severance package, the AP and ABC News report.

“Moonves is demanding binding arbitration proceedings to challenge the decision, CBS announced in a filing Thursday with the Security Exchange Commission,” the AP reports. “The company’s board of directors denied Moonves his severance last month after concluding that he violated company policy and did not cooperate with an investigation into the sexual misconduct allegations.”

“Moonves, one of television’s most influential figures, was ousted in September after allegations from women who said he subjected them to mistreatment including forced oral sex, groping and retaliation if they resisted,” the story reports. “The former CEO’s legal team declined to comment Thursday. His lawyer, Andrew Levander, has previously said that Moonves cooperated fully with the investigation, which was conducted by two outside law firms. Moonves has also denied any allegations of non-consensual sex.”

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