Disgraced CBS boss Les Moonves loses severance as board finds ‘grounds to terminate for cause’

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Former CBS CEO Les Moonves is not going to obtain any severance pay after he was accused of sexual misconduct by a number of ladies, the corporate’s board introduced Monday.

The CBS Board of Administrators “decided that there are grounds to terminate for trigger, together with his willful and materials misfeasance, violation of Firm insurance policies and breach of his employment contract, in addition to his willful failure to cooperate totally with the Firm’s investigation.”

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Moonves, 69, is not going to obtain any of his $120 million severance after he resigned from CBS in September.

The CBS exec’s resignation adopted allegations of sexual misconduct that have been printed in articles by The New Yorker and The New York Instances. Earlier this month, the latter reported that Moonves “destroyed proof” associated to the case and “misled investigators” who have been engaged on behalf of the corporate.

Moonves’ authorized staff informed Fox Information in a press release that the CBS board’s determination was “foreordained” and “with out benefit,” and mentioned the previous exec “vehemently denies any non-consensual sexual relations and cooperated extensively and totally with investigators.”

In its assertion, the board mentioned investigators “concluded that harassment and retaliation usually are not pervasive at CBS,” however mentioned the corporate’s insurance policies “haven’t mirrored a excessive institutional precedence on stopping harassment and retaliation.”

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Sources devoted to CBS’ human sources division, coaching and improvement, together with its variety and inclusion initiatives “have been insufficient,” investigators additionally discovered. Each human sources and CBS “didn’t maintain excessive performers accountable for his or her conduct and defend staff from retaliation.”

Along with Moonves, CBS additionally ousted “CBS This Morning” co-host Charlie Rose, who additionally hosted the “Charlie Rose” present, in November 2017 after he was accused of sexually harassing ladies throughout his tenure on the community.

Fox Enterprise Community’s Hillary Vaughn contributed to this report.

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