CBS denies $120 million severance payout to former CEO Les Moonves

Tara Ziemba/Getty Images(NEW YORK) — CBS has decided to deny former CEO Leslie Moonves a $120 million payout after an investigation found there were “grounds to terminate for cause,” according to a statement from the network. Moonves was eyeing the massive payout — the amount the company put aside into a trust for his severance …

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