Following multiple sexual misconduct allegations, Les Moonves has been officially fired from CBS and he won't be paid out a severance package of worth $120 million.
On Monday, December 17, the CBS Board of Directors released a statement in which they shared the results of the investigation regarding the accusations made against the media executive'.
The statement begins, "The Board of Directors of CBS has completed its investigation of former Chairman and CEO Leslie Moonves, CBS News, and cultural issues at CBS."
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 found grounds to terminate Leslie "for cause" and in a result, he will not receive $120 million severance.
Also Read - Julie Chen Works on 'Big Brother' After 'The Talk' Exit Amid Husband Les Moonves' Sexual Misconduct
The Board added that Les "will not receive any severance payment from the Company."
The attorney for Leslie, Andrew J. Levander, renounced the decision the CBS board made. In a statement obtained by E! News, he said,
The conclusions of the CBS board were foreordained and are without merit. Consistent with the pattern of leaks that have permeated this 'process', the press was informed of these baseless conclusions before Mr. Moonves, further damaging his name, reputation, career and legacy. Mr. Moonves vehemently denies any non-consensual sexual relations and cooperated extensively and fully with investigators.
Les, who has been married to Julie Chen, was fired in September after multiple women, including actress Bobbie Phillips, came forward with the sexual harassment and assault allegations against him. However, Les has since denied the accusations.
For more updates, stay connected with Frostsnow.