CBS to Terminate Moonves for Cause, Won’t Pay $120m Severance

Bloomberg News --------- CBS Corp.’s board denied a $120 million severance payment to former Chief Executive Officer Les Moonves, capping the dramatic descent of a longtime Hollywood mogul felled by accusations of sexual harassment and assault. In deciding to refuse Moonves’s pay, CBS said he flouted company policies and failed to comply with an internal probe. The move followed a more-than-four-month investigation that also delved into the corporate culture at the broadcast network. To learn more click on the picture below to read the article.