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17

Leslie Moonves to Take CBS to Arbitration Over $120 Million Severance

By Tony Seruga

Leslie Moonves, the former chief executive of CBS, plans to fight a decision by the company’s board that denied him a $120 million severance payment after he was fired for cause following numerous allegations of sexual misconduct.

Mr. Moonves, 69, told CBS that he was demanding an arbitration hearing, according to a securities filing on Wednesday. His termination agreement gives him that right, and he had up to 30 days after his Dec. 17 firing to challenge the board’s decision to not pay him the severance…

Leslie Moonves to Take CBS to Arbitration Over $120 Million Severance

Categories : Private Equity

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