CBS Says Moonves Will Not Receive $120 Million Severance

New York Times: CBS, battered by scandal and facing a leadership vacuum, said its former CEO, Les Moonves, misled the company about multiple allegations of sexual misconduct and tried to hide evidence as he made a frenzied attempt to save his legacy and reap a lucrative severance. As a result, the company said Moonves would not receive his $120 million exit payout.