Moonves Demands CBS Arbitrate $120M Severance Denial

By Braden Campbell (January 17, 2019, 7:04 PM EST) -- Former CBS chief Les Moonves is taking the network to arbitration over its denial of a $120 million exit package following his ouster last year over alleged sexual harassment in the workplace, according to a financial disclosure CBS filed Wednesday.

CBS told the U.S. Securities and Exchange Commission that Moonves is challenging its December determination that he was fired for cause and therefore not entitled to the severance package outlined in his separation agreement.

That agreement also empowers Moonves to demand arbitration "with respect to the determination of whether the company has grounds to terminate [his employment] for cause," and Moonves...

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