Former CBS Corp. Chief Executive Officer Les Moonves is demanding arbitration over the broadcaster's decision to withhold his $120 million severance following allegations of sexual misconduct.
Moonves notified CBS that he is demanding binding arbitration, according to a company filing Thursday. In December, the media giant concluded there were grounds to fire Moonves, 69, for cause and said its former CEO wouldn't be entitled to any severance payments.
Considered one of the most-successful executives in TV, Moonves was felled by sexual misconduct accusations from a dozen women. The broader corporate culture at CBS is also under scrutiny, following allegations of misconduct by Charlie Rose, the well-known on-air personality, and others in the news division.