Following an investigation into multiple allegations of misconduct, CBS has officially fired Les Moonves.
The CBS Board of Directors released a statement on Monday, sharing the results of the investigation in regards to Moonves. "The Board of Directors of CBS has completed its investigation of former Chairman and CEO Leslie Moonves, CBS News, and cultural issues at CBS," the statement begins. "With regard to Mr. Moonves, we have determined that there are grounds to terminate for cause, including his willful and material misfeasance, violation of Company policies and breach of his employment contract, as well as his willful failure to cooperate fully with the Company's investigation."
The Board adds, "Mr. Moonves will not receive any severance payment from the Company."