CBS Execs Field Staff Questions on Workplace Culture, $120 Million Marked for Moonves (EXCLUSIVE)

Variety | 1/15/2019 | Daniel Holloway
Click For Photo: https://pmcvariety.files.wordpress.com/2018/09/joe-ianniello-leslie-moonves-split.jpg?w=700&h=393&crop=1

As CBS looks to find its footing after being rocked by a series of scandals, acting CEO Joseph Ianniello and other top executives took questions from employees on Tuesday about the company’s culture and future plans.

In the first of two planned live-blog sessions on the company’s internal employee web portal, Ianniello was asked Tuesday, “What will the company do with the $120 million it no longer has to pay out to Les Moonves?” — a reference to the amount of severance pay that had been due Moonves, ousted last year as CEO amid sexual-assault allegations, under his contract. The CBS board of directors voted in December to deny Moonves the $120 million, setting up a likely legal battle with the disgraced exec.

Ianniello - Questioner - Priority - Billions - Dollars

Ianniello thanked the questioner, then wrote, “Our priority is to continue to invest billions of dollars into the company in the form of our people and content. That’s the priority today and moving forward. Separate from that, there is an ongoing legal process regarding the $120 million that is yet to be determined.”

Moonves has continued to insist that workplace sexual encounters he engaged in were consensual. His attorney has publicly criticized the CBS board’s decision...
(Excerpt) Read more at: Variety
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