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Les Moonves

4 years ago

Les Moonves To Pursue Arbitration For $120 Million Severance Denied By CBS

Entertainment (now)
Entertainment (now)

Former CBS chief Les Moonves will be pursuing arbitration to fight CBS for the $120 million severance pay he was denied last month.

In a SEC 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.
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