Leslie Moonves Moves Forward With Arbitration Demand Against CBS | THR News - video Dailymotion

The move amounts to an attempt to salvage his $120 million severance.

Transcript

00:00The Leslie Moonves vs. CBS saga isn't over yet. Moonves has decided to challenge CBS's

00:05conclusion that it had cause to fire him and deny him $120 million in severance.

00:10The former chief of CBS has moved ahead with an arbitration demand, a procedure that was

00:15spelled out in his separation agreement with the company. Back on December 17th, after a

00:20months-long investigation into whether Moonves had sexually harassed several women over the

00:24course of decades, CBS announced that there were grounds to fire him with cause.

00:29Specifically, CBS said at the time that Moonves willfully violated both company policy and his

00:35employment agreement, as well as failed to cooperate with the investigation led by two law firms

00:41hired by the company. Upon CBS's announcement, Moonves' attorney issued a statement that

00:45characterized the decision as foreordained and without merit, adding that Moonves vehemently

00:50denies any non-consensual sexual relations and cooperated extensively and fully with

00:55investigators. Moonves had 30 days to file an arbitration demand, and now he's done it.

01:00Details of his challenge aren't public. The arbitration will occur privately, though CBS

01:05could face media and shareholder pressure to disclose the outcome. Moonves' reps did not

01:10respond to a request for comment. For more on this story, head to THR.com. Until next time,

01:15for The Hollywood Reporter News, I'm Tiffany Taylor.

01:20We'll see you next time.