Programming & Performance

Les Moonves Is Taking CBS to Arbitration Over Denial of $120 Million Severance

Board determined in mid-December that he was fired with just cause

Moonves had been expected to fight CBS' decision.Getty Images
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By Sara Jerde

Former CBS chairman and CEO Les Moonves isn’t letting his $120 million severance go away without a fight and has decided to take the company to arbitration. Moonves informed CBS of his intentions Wednesday, according to a SEC filing from CBS.

The move, which had been expected, comes after the CBS board determined in mid-December that Moonves was fired with just cause and would not receive his nine-figure payout after he misled an investigation the company had launched into multiple sexual harassment allegations against him.

Moonves,

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Headshot of Sara Jerde

Sara Jerde

Sara Jerde is publishing editor at Adweek, where she covers traditional and digital publishers’ business models. She also oversees political coverage ahead of the 2020 election.

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