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Les Moonves will NOT receive $120M exit package from ViacomCBS as the ousted CEO drops his legal battle over 2018 firing amid sexual misconduct allegations

  • ViacomCBS said Friday the long-running dispute with its former CEO has been ‘resolved’ and Moonves has agreed to walk away from the severance package
  • The $120 million, which had been held in a trust, will be returned to ViacomCBS
  • The ousted TV boss is receiving some form of settlement though the amount and terms have not been revealed; he is donating it to charity
  • Moonves was ousted from CBS in 2018 amid allegations of sexual misconduct and harassment from multiple women spanning three decades
  • Moonves challenged his firing and his $120 million severance was set aside
  • He has denied all allegations of non-consensual sex

Les Moonves has waved goodbye to his $120 million exit package from ViacomCBS as he dropped the legal battle over his 2018 firing from the TV giant.

ViacomCBS said Friday that the long-running dispute between the company and its former CEO has been ‘resolved’ and Moonves has agreed to walk away from the multi-million dollar severance package.

The ousted TV boss is receiving some money from the matter though the amount and terms have not been revealed.

Moonves was once one of the most influential names in television but was ousted from CBS in 2018 amid allegations of sexual misconduct and harassment from multiple women spanning three decades.

But Moonves challenged his firing and his $120 million severance was set aside until the matter could be resolved.

Les Moonves (in 2017) has waved goodbye to his $120 million exit package from ViacomCBS as he dropped the legal battle over his 2018 firing from the TV giant

ViacomCBS said Friday that the long-running dispute between the company and its former CEO has been ‘resolved’ and Moonves has agreed to walk away from the severance package

 

 

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