CBS Kills Moonves Exit Pay After Covington, Debevoise Probe

By Mike LaSusa (December 17, 2018, 8:34 PM EST) -- CBS Corp. announced Monday that former CEO Leslie Moonves won't get a severance payment reportedly worth $120 million, after an investigation by Covington & Burling LLP and Debevoise & Plimpton LLP found the former executive violated company policies and didn't cooperate with the probe into sexual harassment at the media giant.

CBS Corp. said Monday it will not pay its former CEO Leslie Moonves a reported $120 million severance payment after an investigation determined he was let go "for cause." (AP) Moonves, who stepped down as CEO in September, can't collect his exit pay because he was let go "for cause," CBS...

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