Now that the CBS Board of Directors has officially denied Leslie Moonves any severance payment, will he sue? That’s the question being mulled internally at CBS Corp., following Monday’s announcement that the board’s investigation of Moonves and the “cultural issues at CBS” had been completed.
As part of the findings, as reported by Covington & Burling and Debevoise & Plimpton, the board announced that there were, indeed, grounds to terminate Moonves 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.”
Moonves was forced to step down in September after multiple press reports chronicled allegations of sexual assault and misconduct by the executive over the years, particularly in the 1980s and 1990s. As more instances were revealed, it became extremely unlikely that the CBS board of...
As part of the findings, as reported by Covington & Burling and Debevoise & Plimpton, the board announced that there were, indeed, grounds to terminate Moonves 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.”
Moonves was forced to step down in September after multiple press reports chronicled allegations of sexual assault and misconduct by the executive over the years, particularly in the 1980s and 1990s. As more instances were revealed, it became extremely unlikely that the CBS board of...
- 12/17/2018
- by Michael Schneider
- Indiewire
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