Les Moonves Made $650M at CBS, May Leave With No Severance

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Les Moonves Made $650M at CBS, May Leave With No Severance

· former cbs chairman and ceo les moonves won’t be receiving any severance from the network, following an internal investigation. · leslie moonves made more than $ 650 million in total annual compensation throughout his tenure as ceo of cbs corporation. The network said moonves would not receive any severance benefits at this time. · cbs ceo les moonves stepped down on sunday and is exiting the company without a severance package — at least for now. Why did les moonves leave cbs? · moonves is worth an estimated $700 million and was one of the highest-paid ceos in the us, according to forbes. A joint statement from moonves and cbs explained that the $120 million would revert to cbs , that the cost of the settlement would be borne by cbs s law firm, and that moonves would contribute the settlement money to various charities. On , cbs and moonves agreed to settle their disputes over the latters $120 million severance. · cnbc reports that his career earnings since cbs split off from viacom in 2006 comes to more than $ 650 million , but now hes in danger of leaving without any kind of financial severance. Now, as he departs the company following sexual misconduct. · one of the countrys most powerful media executives, les moonves , stepped down as ceo of cbs amid allegations of sexual harassment and assault, but he could get a payout of $100 million. Is leslie moonves a jew without an instrument?

CBS Fires Les Moonves, Denies $120 Million Severance Payout | Fortune

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