CBS sets Moonves payoff at $120 mln

Updated September 11 2018 - 12:00pm, first published 8:48am
Les Moonves will get a payout of $120 million after quitting as the head of US TV network CBS.
Les Moonves will get a payout of $120 million after quitting as the head of US TV network CBS.

CBS Corp said on Monday that it would pay $US120 million to former chief executive officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal.

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