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CBS to pay $120 mn to Leslie Moonves pending probe outcome

Updated: 10-09-2018 18:11 IST

CBS Corp said on Monday it will pay $120 million to former chief executive officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal.

Moonves, the top executive at CBS since 2006 and a major figure at the broadcast network and media company for more than two decades, resigned on Sunday amid a new wave of allegations against him of sexual assault and harassment.

The company said under a settlement agreement, Moonves could end up with nothing pending results of an investigation.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)