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CBS fires CEO Leslie Moonves and denies $120 million severance

December 18, 2018
Leslie Moonves
Leslie Moonves

New York — CBS Corp said on Monday it has fired Leslie Moonves for cause and has denied a $120 million severance package as it girds for a potential legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and after he joined the company. The decision to deprive Moonves of his severance follows a board of directors review of the findings of an investigation into Moonves' behavior and the CBS culture conducted by two law firms, Debevoise & Plimpton and Covington & Burling, hired by CBS. — Reuters


December 18, 2018
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