CBS Board Drops Hammer: Les Moonves Will NOT Get $120M Severance In Bombshell Firing

Les is out $120 million!

CBS Board of Directors announced that their former Chairman and CEO Leslie Moonves was fired “for cause” and because of his egregious behavior he “will not receive any severance payment.”

The announcement was made Monday afternoon when the Board confirmed they had completed the “investigation” into the shamed network honcho who was accused of multiple counts of sexual harassment and assault over his decades-long career.

“With regard to Mr. Moonves, we have determined that there are grounds to terminate for cause, including his willful and material misfeasance, violation of Company policies and breach of his employment contract, as well as his willful failure to cooperate fully with the Company’s investigation,” the Board’s statement said.

With regards to the disgraced moguls’ $120 million severance, the Board stated: “Mr. Moonves will not receive any severance payment from the Company.”

More than a dozen women accused Moonves of sexual assault and harassment over the years, including Cybill Shepherd, who recently said he had her show canceled after she refused to have sex with him.

Shepherd’s claims add to the long list of women who continued to share disturbing allegations against the former CBS CEO. Actress Bobbie Phillips recently told The New York Times about a meeting she had with Moonves, in which he dropped his pants and forced his penis into her mouth.

Moonves’ wife, Julie Chen, stood by her man after his firing from the top job at CBS. In September, Chen, 48, quit CBS’ The Talk after 9 years hosting the morning program.

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