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Les Moonves to challenge CBS severance denial

Les Moonves to challenge CBS severance denial | iNFOnews.ca
FILE - In this July 29, 2013, file photo, Les Moonves arrives at the CBS, CW and Showtime TCA party at The Beverly Hilton in Beverly Hills, Calif. The Ex-CBS CEO is fighting the company’s decision to deny his $120 million severance package following his firing over sexual misconduct allegations. CBS announced the development in a filing Wednesday, Jan. 16, 2019, with the Security Exchange Commission. CBS said Moonves has demanded binding arbitration proceedings to challenge the decision. (Photo by Jordan Strauss/Invision/AP, File)

NEW YORK – 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.

CBS announced the development in a filing Wednesday with the Security Exchange Commission. CBS said Moonves has demanded binding arbitration proceedings to challenge the decision.

CBS’ board of directors denied Moonves his severance after concluding that he violated company policy and was unco-operative with an investigation into sexual misconduct allegations. The ruling came after a five-month investigation into the conduct of one of television’s most influential figures.

Moonves 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.

A lawyer for Moonves declined to comment Thursday.

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