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Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - CrimsonPhantom - 12-17-2018 06:19 PM
Quote:Les Moonves, the shamed ex-CEO of CBS, will not get his $120 million severance package, CBS announced late Monday, citing his failure to "cooperate fully" with an internal investigation of allegations of sexual misconduct against him.
In a statement, the network said the board of directors had completed its investigation of Moonves' alleged behavior, plus its investigations of CBS News and "cultural issues" at the network.
"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," the statement said.
There was no immediate statement from Moonves, 69.
The network's investigative team, headed by members of two New York law firms, also concluded that harassment and retaliation are "not pervasive at CBS," but that "past incidents" cited by employees showed that some high-level people at the network were not held accountable for their bad conduct.
"The investigators learned of past incidents of improper and unprofessional conduct, and concluded that the company’s historical policies, practices and structures have not reflected a high institutional priority on preventing harassment and retaliation," the statement said.
Resources devoted to human resources, training and development, and to diversity and inclusion have been "inadequate" for the size and complexity of CBS, the investigation found.
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RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - solohawks - 12-17-2018 07:01 PM
Dude saved that channel
Too bad it's looking like he was a sleaze
RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - bullet - 12-17-2018 07:44 PM
(12-17-2018 07:01 PM)solohawks Wrote: Dude saved that channel
Too bad it's looking like he was a sleaze
Kind of like CBS itself. They are looking for an excuse not to do the buyout.
Which they never should have agreed to anyway. $120 million for not working?
RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - Redwingtom - 12-18-2018 11:43 AM
I just can't fathom how anyone could conduct themselves this way in professional business situations for this long and succeed.
RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - Native Georgian - 12-18-2018 12:08 PM
(12-18-2018 11:43 AM)Redwingtom Wrote: I just can't fathom how anyone could conduct themselves this way in professional business situations for this long and succeed.I think the first ingredient is the absence of any moral/ethical/religious core. A willingness to treat people decently and play by the rules — those things don’t come naturally. They have to be taught, usually by parents. Sure it’s possible for other people to fill in that role, but it rarely happens.
Next comes the realization in life that a person has the ability to talk their way into, or out of, virtually any situation. It’s hard to quantify that “talent” but we’ve all met people who have it, and we all know that most people don’t have it.
Finally you have to have the luck or brain-power or both to attain a position of executive authority in which you are not subject to any day-to-day accountability. Once a person reaches that level (and very few ever do, of course) you can really make up your own rules.
Moonves, Matt Lauer, Weinstein, Clinton, Trump, etc. etc. etc. There are lots of examples of people who’ve “made it” and either never got called out for it, or at least didn’t for a long time. I’m still not convinced that the whole #MeToo stuff is really going to have any long-term impact. Maybe, we’ll see.
RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - Lord Stanley - 12-18-2018 12:10 PM
(12-18-2018 11:43 AM)Redwingtom Wrote: I just can't fathom how anyone could conduct themselves this way in professional business situations for this long and succeed.
Enablers and sycophants, sycophants and enablers.
RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - SuperFlyBCat - 12-18-2018 12:14 PM
(12-18-2018 12:10 PM)Lord Stanley Wrote:(12-18-2018 11:43 AM)Redwingtom Wrote: I just can't fathom how anyone could conduct themselves this way in professional business situations for this long and succeed.
Enablers and sycophants, sycophants and enablers.
Those guys are King/Queen makers, they can get you a spot or a starring role on an ER, Friends, whatever. That is a lot power.
RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - bullet - 12-18-2018 12:53 PM
(12-18-2018 12:10 PM)Lord Stanley Wrote:(12-18-2018 11:43 AM)Redwingtom Wrote: I just can't fathom how anyone could conduct themselves this way in professional business situations for this long and succeed.
Enablers and sycophants, sycophants and enablers.
In other words, something Hollywood and the media are loaded with.
Normal business got this under control 20 years ago.
RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - 49RFootballNow - 12-18-2018 01:33 PM
I haven't been keeping up with this one. What is the Cliff's Notes version?
RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - SuperFlyBCat - 12-18-2018 01:51 PM
(12-18-2018 01:33 PM)49RFootballNow Wrote: I haven't been keeping up with this one. What is the Cliff's Notes version?
Weinstein type behavior.
RE: Les Moonves Will Not Receive $120 Million Severance Pay, CBS Announces - tigergreen - 12-18-2018 02:06 PM
(12-18-2018 12:10 PM)Lord Stanley Wrote:(12-18-2018 11:43 AM)Redwingtom Wrote: I just can't fathom how anyone could conduct themselves this way in professional business situations for this long and succeed.
Enablers and sycophants, sycophants and enablers.
Bingo. Glad he gets no parachute, though.