CBS CEO Moonves survives board meeting amid misconduct probe

It was not immediately clear if Moonves would stay on for the duration of the investigation. Moonves, 68, is one of the global media industry’s highest-paid executives and could receive a severance package of more than $180 million (137.01 million pounds)based on his contract and the terms of his departure, according to CBS filings with the U.S. Securities and Exchange Commission. The media and TV company on Friday disclosed plans for a probe after the New Yorker magazine published an article detailing claims by six women who said Moonves sexually harassed them in incidents between 1985 and 2006. …read more

Source:: Yahoo Finance

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