CBS wants to break from the Les Moonves era, but Moonves isn’t making it easy.
The company confirmed in a regulatory filing Thursday that Moonves, its former CEO, plans to fight for his $120 million exit package.
On Wednesday, according to the filing, “Moonves notified the company of his election to demand binding arbitration with respect to this matter.”
This means the saga of Moonves and CBS’ millions will go on.
Moonves, the longtime CEO of CBS, exited the company in September amid a flurry of sexual misconduct allegations and a power struggle with controlling shareholder Shari Redstone.
When the initial accusations against him were published by The New Yorker, Moonves said he regretted making anyone uncomfortable, but denied all allegations