Former CBS chief Les Moonves will be pursuing arbitration to fight CBS for the $120 million severance pay he was denied last month when he was fired by the board of directors for cause. In a Securities and Exchange Commission filing on Thursday, CBS stated that Moonves has informed the company of his plan: “On January 16, 2019, Mr. Moonves notified the Company of his election to demand binding arbitration with respect to this matter. The Company does not intend to comment further on this matter during the pendency of the arbitration proceedings.” The investigation into Moonves — who was ousted in September, after multiple women came forward with sexual misconduct accusations — concluded Dec. 17, with the CBS board announcing at that time the former chairman and CEO “will not receive any severance payment.” Also Read: Former CBS Chief Les Moonves Will 'Not Receive Any' of $120 Million Severance Payment “We have determined that there are grounds to terminate for cause,” the board said in a statement, citing what they categorized as Moonves’ “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.” Moonves stood to receive a $120 million golden parachute, pending the now-closed investigation, which is what he’s fighting for now. In a statement given by Andrew Levander, an attorney for Moonves, at the time of CBS’ ruling last month, the broadcaster’s former chief maintained his innocence. “The conclusions of the CBS board were foreordained and are without merit,” Levander said. “Consistent with the pattern of leaks that have permeated this ‘process,’ the press was informed of these baseless conclusions before Mr. Moonves, further damaging his name, reputation, career and legacy. Mr. Moonves vehemently denies any non-consensual sexual relations and cooperated extensively and fully with investigators.” Also Read: 13 TV Winners and Losers of 2018: From Henry Winkler to 'Heathers' Levander did not immediately respond to TheWrap’s request for comment on this story and CBS Corp declined to comment. Beyond Moonves’ monetary fate, investigators also determined that “harassment and retaliation are not pervasive at CBS,” but that the company’s historical policies didn’t make “preventing harassment and retaliation” a “high institutional priority.” Also Read: CBS Names 18-Plus Groups to Split $20 Million Donation to Fight Workplace Harassment Moonves was accused of sexual misconduct by six women in a New Yorker article written by Ronan Farrow last July. Six more women came forward in September. Moonves resigned as CEO of CBS in September, following a two-month investigation but has denied all accusations. Last month, CBS president and acting CEO Joseph Ianniello told employees that the investigation into the culture at CBS that was sparked by the multiple sexual misconduct accusations made against Moonves was nearing its end, noting that it was “frustrating” multiple leaks from the probe have been published in the New York Times. In one of those stories, a report by lawyers for CBS found that the network would be justified in denying Moonves an otherwise-owed $120 million severance payout because he destroyed evidence and misled investigators looking into accusations of sexual misconduct, according to the Times, which cited a draft of a report prepared for the company’s board. Read original story Les Moonves to Pursue Arbitration for $120 Million Severance Denied by CBS At TheWrap
Leslie Moonves was known to take an active dislike of David Letterman making fun of him during that host’s tenure on CBS’ “The Late Show.” He probably isn’t enjoying being mentioned by Stephen Colbert either. Colbert used his monologue on Tuesday’s broadcast to poke fun at the former CBS Corp. CEO, who yesterday learned that […]
"The conclusions of the CBS board were foreordained and are without merit," says Les Moonves' attorney in reaction to the decision announced today to give the now fired with cause and much accused former CEO nothing in severance. At the same time, Gloria Allred wants the investigation into Moonves' behavior and the culture at CBS made public and monies to women "who can prove they are victims." Having resigned in disgrace in September as yet another round of sexual…
The CBS board of directors said in a statement Monday that Moonves has failed to cooperate fully in the investigation and violated company policies.
Dushku, who played a love interest of Weatherly’s character on the dramedy inspired by the early career of Dr. Phil McGraw, filmed three episodes of the show and was supposed to appear in more.
The actress claims that her CBS sitcom got the axe shortly after she had a "dinner date" with Moonves, after which he offered to take her home.
As departed CBS Corp. CEO Leslie Moonves’ fate looms, a new report indicates that “60 Minutes” creator Don Hewitt, who oversaw the series’ ousted chief Jeff Fager for several years, was also the subject of a sexual misconduct investigation that resulted in a payout worth more than $5 million. According to the New York Times, […]
A report by lawyers for CBS found that the network would be justified in denying former CEO Les Moonves a $120 million severance payout because he destroyed evidence and misled investigators looking into accusations of sexual misconduct, the New York Times reported Tuesday, citing a draft of a report prepared for the company’s board. Two firms, Debevoise & Plimpton and Covington & Burling, investigated in part to determine if Moonves violated his employment agreement, which would allow the company to fire him for cause and not pay his severance.
CBS has confirmed what had been speculated. Julie Chen Moonves will be back as host of Big Brother : Celebrity Edition when it returns for a second season on January 21. As Deadline previously reported, sources close to Chen Moonves had said she planned to continue hosting Big Brother and its Celebrity counterpart for years to come, but questions obviously arose when her husband Leslie Moonves was ousted as CBS CEO amid allegations of sexual misconduct, followed by her…
The former head of CBS is accused of forcing women to perform oral sex on him and being physically violent.