Nearly three years after Les Moonves was tossed off his perch at CBS over allegations of sexual misconduct, the one time corporate powerhouse has finally settled his $120 million exit package with the Sheri Redstone controlled company, kind of.“The disputes between Mr.
Moonves and CBS have now been resolved, and on May 14, 2021, the parties dismissed the arbitration proceeding,” announced a filing today with the U.S.
Securities and Exchange Commission. Long legal battle short: the $120 million severance that has been in a guarantor trust will now “revert to the Company in their entirety,” according to the short document filed with the feds in a classic Friday news dump. “Leslie Moonves, CBS and a contractor to CBS have resolved their
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