Coverup was last straw in Moonves’ ouster from CBS: report
The last straw that led to the ouster of CBS Corp. CBS, -0.47% Chief Executive Les Moonves was not the new claims of sexual assault and harassment in a New Yorker article Sunday, but revelations in August that he was being blackmailed by one of his alleged victims and was trying to get her a job to secure her silence, the New York Times reported late Wednesday. Moonves still had strong support from some CBS board members after the first allegations against him were published by the New Yorker in July, the Times said. But that support reportedly eroded after directors learned one of Moonves’ accusers was threatening to go public, and that Moonves was trying to pay her off with a job at CBS. That shattered his credibility regarding his previous denials to the board that he had done anything wrong, the Times reported, and the board started to seek his ouster. The fact that Moonves did not report the incident to the board also opened him up to being fired for cause and forfeit his severance. Sources told the Times that it is all but certain Moonves will not receive any severance, which at one time could have totaled $90 million or more.
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