Maria Therese Agcopra Agcopra – Fourth Estate Contributor
Los Angeles, CA, United States (4E) – Following the reckoning of the men of Hollywood is the former CEO of CBS Les Moonves, who will not be getting his $120 million in severance after stepping down under allegations of sexual misconduct.
The company’s board issued a statement that after completing its investigation on the disgraced former CEO:
“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. Mr. Moonves will not receive any severance payment from the Company.”
Like producer Harvey Weinstein, director Woody Allen, comedian Louis C.K. and other A-list personalities in Hollywood before him, Moonves was forced to step down from his powerful position in September after an expose in The New Yorker was published. The writer of the piece Ronan Farrow also wrote the infamous expose against Weinstein which catapulted the #MeToo movement pushing women’s rights on the forefront.
NPR reports that according to The New York Times, Moonves “destroyed evidence and misled investigators in an attempt to preserve his reputation and save a lucrative severance deal.” The report also included several previously undisclosed allegations of sexual misconduct.
Furthermore, the report also includes that Moonves received oral sex from at least four employees and that the investigators found that CBS was aware of the allegations against Moonves for years.
The Time’s Up movement, founded by Hollywood celebrities in response to the Weinstein expose and #MeToo movement released a statement in support of CBS’ decision not to give Moonves his severance package:
“The decision of the CBS board to further proof that no man is too powerful to face the consequences of his actions. We commend the CBS board’s decision to hold Mr. Moonves accountable for his egregious, predatory behavior,” Time’s Up said in a statement released Monday. “Today’s announcement is not a victory, but rather a long and overdue correction to behavior that has been ignored and covered up for decades. Given the enormous sum that they have already earmarked, we urge CBS to use these funds to expand their support of survivors and further equity in workplaces everywhere.”
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