CBS: Ex-CEO Les Moonves will be denied $120 million severance package
Published: December 17, 2018 / Author: USA Today
Management professor Tim Hubbard was quoted in a USA Today article about CBS Ex-CEO Les Moonves who was accused of sexual misconduct and will be denied his $120 million severance package.
“The company has been entangled in sexual harassment controversies and must try to bring back its reputation,” Hubbard said. “CBS had to send a signal to employees and other stakeholders that these actions will not be tolerated within the company.”
He said this action should serve as a signal that the public and boards are fed up with the pile-up of allegations of sexual misconduct from executives.
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