Mendoza School of Business

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.