Les Moonves

Sthanlee B. Mirador/Sipa USA

Moonves Will Not Get $120M Severance Following Misconduct Investigation

December 17, 2018 - 5:51 pm

NEW YORK (WCBS 880)Disgraced former CBS CEO Les Moonves will not receive his $120 million severance package after the CBS Board of Directors determined they had cause to fire him.

“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,” CBS said in a statement.

They added: “Mr. Moonves will not receive any severance payment from the Company.”

A dozen women accused Moonves of sexual harassment and assault dating back to the 1980s, but he has denied any wrongdoing.

Moonves maintains any sexual encounter was always consensual.

Investigators said he was “evasive and untruthful at times and to have deliberately lied about and minimized the extent of his sexual misconduct,” according to a CBS report acquired by The New York Times.

Moonves resigned from his post in September 2018.  His wife, Julie Chen, also resigned from “The Talk,” a CBS morning talk show.