Online outcry erupts over CBS’ $100M payout to ousted CEO Moonves
The network, in responding to sexual misconduct allegations, has taken weeks to negotiate his severance. That delay, along with the big money, drew roars amid the #MeToo backlash.
It’s a stunning end for one of the most successful TV executives in the modern era.
After allegations of sexual misconduct against CEO Leslie Moonves had been reported by Ronan Farrow in The New Yorker, the CBS board sought to negotiate his exit—including a severance package of up to $100 million. Moonves had overseen the network’s resurgence and was one of the highest paid executives in entertainment.
However, the news that Moonves might reap a historic windfall riled many in the industry.
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