NPR

CBS Denies Former CEO Les Moonves $120 Million Severance Package

The network explained its decision, saying "there are grounds to terminate for cause, including his willful and material misfeasance" and failure to cooperate with the company's investigation.
CBS announced on Monday it will not pay out a controversial $120 million severance package to former CEO Leslie Moonves. The company said it had ample reason to fire the disgraced executive for cause.

Disgraced former CBS CEO Les Moonves, who's been accused of sexual harassment and assault, has been denied the controversial $120 million severance package contained in his contract, the network's board of directors announced on Monday.

The decision follows an investigation by two law firms into the allegations against Moonves which culminated in a graphic that concluded that the company had

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