CBS has decided its ousted CEO Les Moonves won't receive a severance payment.
A series of sexual misconduct allegations against Moonves were reported by The New Yorker in July. Moonves was removed as chairman and CEO of the network in early September, and CBS announced Monday he wouldn't receive a $120 million severance payment due to his "breach of employment contract" and resistance to the company's investigation, among other things.
Lawyers hired by CBS found Moonves to be "evasive" and "untruthful at times" in the investigation, though Moonves' attorney said the former executive "cooperated extensively and fully with investigators."
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The New Yorker's original reporting detailed six allegations against Moonves, and several more were reported in September. Moonves continually denied the allegations and said he only knew about three of the encounters, but said they were consensual.
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