Les Moonves Could Lose $120 Million Payout for Obstructing Investigators, Report Says

A report by lawyers for CBS found that the network would be justified in denying former CEO Les Moonves a $ 120 million severance payout because he destroyed evidence and misled investigators looking into accusations of sexual misconduct, the New York Times reported Tuesday, citing a draft of a report prepared for the company’s board. Two firms, Debevoise & Plimpton and Covington & Burling, investigated in part to determine if Moonves violated his employment agreement, which would allow the company to fire him for cause and not pay his severance.

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