Les Moonves Will Fight For His $120M Exit Package, CBS Confirms

In a terse regulatory filing, CBS has confirmed that its former CEO, Les Moonves, isn’t going away without a fight. In December, the company’s board cited the findings of its internal investigation in declaring that Moonves had been fired for cause and would therefore not be eligible for the $120 million exit package included in his contract. CBS noted that the separation agreement it reached with Moonves last September included a provision allowing him to demand binding…