CBS Says Leslie Moonves Won't Get $120 Million Severance | THR News - video Dailymotion

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The company hired an investigative team that interviewed as many as 300 people, according to insiders, in order to get to the bottom of the allegations against the ousted CEO.

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00:00Following CBS's internal investigation of sexual misconduct allegations against Les Moonves,

00:06the former CEO won't receive $120 million in severance from the network.

00:11The statement reads,

00:12With regard to Mr. Moonves, we have determined that there are grounds to terminate for cause,

00:17including his willful and material misfeasance, violation of company policies,

00:22and breach of his employment contract, as well as his willful failure to cooperate fully with the company's investigation.

00:28Mr. Moonves will not receive any severance payment from the company.

00:32According to Insider, CBS hired an investigative team that interviewed as many as 300 people

00:38in order to get to the bottom of the allegations against Moonves

00:41after Ronan Farrow listed a half-dozen accusers in The New Yorker on July 27.

00:47Moonves denied any allegations of non-consensual sex.

00:51Moonves stepped down as CEO in September.

00:53The original separation agreement between Moonves and CBS stipulated he only get the $120 million

00:58if an investigation cleared him of egregious behavior.

01:02For the latest details on the former CEO and all of his drama, head on over to THR.com.

01:07For THR News, I'm Adam Havner.

CBS Says Leslie Moonves Won't Get $120 Million Severance | THR News

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