CBS: Les Moonves 'will not receive any severance payment'

David Caplan
December 17, 2018 - 5:31 pm
CBS Chief Executive Officer Leslie Moonves

(Photo by Gabe Ginsberg/Getty Images for Showtime)

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NEW YORK (1010 WINS) -- Disgraced and former CBS chairman and CEO Les Moonves will not receive any severance payments from the media company, it announced late Monday afternoon.

The decision follows the conclusion of CBS's investigation into the allegations of sexual misconduct against Mooves. 

"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," a statement from the CBS Board of Directors reads. "Mr. Moonves will not receive any severance payment from the Company.

Moonves was reportedly in line to receive $120 million.

The statement said that investigators "concluded that harassment and retaliation are not pervasive at CBS."

It added, "However, the investigators learned of past incidents of improper and unprofessional conduct, and concluded that the Company’s historical policies, practices and structures have not reflected a high institutional priority on preventing harassment and retaliation."

Les Moonves lawyer responded to the report, saying that CBS came to "baseless" conclusions that "were foreordained and are without merit." It continued that Moonves "vehemently denies any non-consensual sexual relations and cooperated extensively and fully with investigators."

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