CBS Corporation and Les Moonves`s Fall from Grace

Case Code: HROB239
Case Length: 16 Pages
Period: 2018-19
Pub Date: 2023
Teaching Note: Available

Price: Rs.400
Organization: Public company
Industry: Media
Countries: United States
Themes: Gender and Leadership, HR Policy

Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

On December 17, 2018, US-based multinational media conglomerate CBS Corporation (CBS) refused to pay a US$120 million severance package to its former CEO, Leslie Roy Moonves (Moonves). CBS’s board said it had had substantial grounds to terminate Moonves and also to deny him an exit package. This announcement came as another major blow to Moonves after he was forced to leave CBS following numerous allegations of sexual misconduct against him. In September 2018, talks had been on between Moonves and the CBS Board over negotiating an exit package for Moonves..

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