Former CBS Chairman Les Moonves gave up a huge chunk of his company stock awards last year because of his ouster over sexual misconduct allegations. CBS’ proxy filings submitted Friday to the Securities and Exchange Commission show that because of his separation agreement, Moonves forfeited more than $34 million of the roughly $42.5 million in stock awarded to him in 2018. After more than two decades at the helm of CBS, Moonves was pushed out in September following stories from a dozen-plus women who came forward accusing him of sexual assault or harassment. An internal investigation reportedly found “multiple acts of serious nonconsensual sexual misconduct,” which Moonves has denied. CBS gave more than $20 million of the nixed payout to organizations working toward gender equality and combatting sexual harassment and assault.

Source: Huffington Post April 13, 2019 18:33 UTC