CBS’ board fired Les Moonves on Monday, seemingly puncturing a hole in his $120 million golden parachute. But a little-noticed clause in Moonves’ employment contract indicates that CBS has been picking up its former chief executive’s legal bills since he left the company in September. That would appear to incentivize Moonves to challenge the board’s decision in a confidential arbitration proceeding — though the executive said in an interview Tuesday that he has yet to…
CBS’ board fired Les Moonves on Monday, seemingly puncturing a hole in his $120 million golden parachute. But a little-noticed clause in Moonves’ employment contract indicates that CBS has been picking up its former chief executive’s legal bills since he left the company in September. That would appear to incentivize Moonves to challenge the board’s decision in a confidential arbitration proceeding — though the executive said in an interview Tuesday that he has yet to…
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