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Former CBS chairman and CEO Les Moonves will depart the company without his $120 million payout, the CBS board of directors said Monday night.
Moonves, who had led CBS since 2007, left the company in September after he was accused by 12 women of sexual harassment and intimidation in two New Yorker articles published in July and in September.
At the time of his exit, the board said his nine-figure severance package would be subject to the result of its investigation into Moonves, CBS News and cultural issues at the company raised by the New Yorker stories.
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