CBS paid Les Moonves $12.5 million last year.

https://www.latimes.com/business/hollywood/la-fi-ct-leslie-moonves-cbs-compensation-20190412-story.html



On Thu, Jan 17, 2019, 7:48 PM Steve Timko <[email protected]> wrote:

> Ex-CBS CEO Les Moonves to challenge severance denial
> NEW YORK (AP) - Former CBS CEO Les Moonves is fighting the company's
> decision to deny his $120 million severance package following his firing
> over sexual misconduct allegations.
> Moonves is demanding binding arbitration proceedings to challenge the
> decision, CBS announced in a filing Thursday with the Security Exchange
> Commission.
> The company's board of directors denied Moonves his severance last month
> after concluding that he violated company policy and did not cooperate with
> an investigation into the sexual misconduct allegations.
> Moonves, one of television's most influential figures, was ousted in
> September after allegations from women who said he subjected them to
> mistreatment including forced oral sex, groping and retaliation if they
> resisted.
> The former CEO's legal team declined to comment Thursday. His lawyer,
> Andrew Levander, has previously said that Moonves cooperated fully with the
> investigation, which was conducted by two outside law firms. Moonves has
> also denied any allegations of non-consensual sex.
> Moonves, who had earned praise for turning around the fortunes of CBS when
> he took over as entertainment chief in 1995, had been one of the
> highest-paid executives in the nation, making about $70 million in each of
> the past two years.
>
> On Wed, Dec 19, 2018 at 7:08 AM 'Bob Jersey' via TVorNotTV <
> [email protected]> wrote:
>
>>
>> Kevin M, to my Evening News note, early Wed. (12/19):
>>
>> As part of of Moonves' contract, CBS must pay his legal fees... including
>> the cost of him suing CBS should he choose to do so
>>
>>
>> https://www.nytimes.com/2018/12/18/business/cbs-les-moonves-legal-fight.html
>>
>> Not sure where the photo used in the article is from, but it gives the
>> impression Les is now living in Bin Laden's old cave, sending out cryptic
>> text messages on a burn phone
>>
>>
>> It's from one of those Sun Valley confabs
>> <https://en.wikipedia.org/wiki/Allen_%26_Company_Sun_Valley_Conference>
>> held by the investment bank Allen & Company (Wiki link). It's cold enough
>> to matter up there, even in the dead of summer when they're held.
>>
>> B
>>
>>
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>

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