Deadline: CBS Says No $120M Severance For Les Moonves ; Terminated For Cause Declares Board
Once powerful CEO of CBS Les Moonves will not be getting a single dime of the $120 million in severance he expected after stepping down under allegations of misconduct this fall, the company’…
CBS released a statement saying, “…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.”