LES MOONVES: $120 Million Severance Denied

Accusations of sexual harassment cost Leslie Moonves his job at CBS, and now they’ve cost him $120 million. According to Variety, the network’s board of directors has denied the former head honcho his golden parachute following an internal probe of his conduct and the corporate culture at CBS.In a statement, the board said that it has “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. Mr. Moonves will not receive any severance payment from the Company.” Moonves was forced out of his position in September following multiple claims of sexual assault and misconduct.