Register

    ViacomCBS says ex-CBS CEO Moonves won’t get $120M severance

    By SHOOTUpdated:No Comments1674 Views
    In this July 29, 2013, file photo, Les Moonves arrives at the CBS, CW and Showtime TCA party at The Beverly Hilton in Beverly Hills, Calif. ViacomCBS said Friday, May 14, 2021 that former CBS CEO Les Moonves will not get his $120 million severance package from his firing in 2018, ending a long-running dispute over the money.(Photo by Jordan Strauss/Invision/AP, File)
    NEW YORK (AP) --

    ViacomCBS said Friday that former CBS CEO Les Moonves will not get his $120 million severance package from his firing in 2018, ending a long-running dispute over the money.

    Moonves was ousted in 2018 after a company investigation into allegations of sexual misconduct spanning three decades found Moonves violated company policy and did not cooperate with the investigation.

    But Moonves challenged the decision and his $120 million severance was set aside until the matter could be resolved.

    On Friday, New York-based ViacomCBS said in a filing with the Securities and Exchange Commission that the matter had been resolved, the arbitration dismissed, and the $120 million would be going back to ViacomCBS in its entirety. It give no further details.

    Moonves was one of television's most influential figures, credited for turning around the fortunes of CBS when he took over as entertainment chief in 1995. He had been one of the highest-paid executives in the nation, making about $70 million a year at the end of his run with the company.

    He was ousted after allegations from women who said he subjected them to mistreatment including forced oral sex, groping and retaliation if they resisted. Moonves has denied any allegations of non-consensual sex.

    Tags:Les MoonvesSecurities and Exchange Commissionsexual harassmentViacomCBS



    Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died

    Saturday, December 21, 2024
    Suchir Balaji poses for a photo in Hawaii in 2018. Balaji was a former OpenAI engineer and whistleblower who died in November 2024. (Balaji Ramamurthy via AP)

    Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT and later said he believed those practices violated copyright law, has died, according to his parents and San Francisco officials. He was 26.

    Balaji worked at OpenAI for nearly four years before quitting in August. He was well-regarded by colleagues at the San Francisco company, where a co-founder this week called him one of OpenAI's strongest contributors who was essential to developing some of its products.

    "We are devastated to learn of this incredibly sad news and our hearts go out to Suchir's loved ones during this difficult time," said a statement from OpenAI.

    Balaji was found dead in his San Francisco apartment on Nov. 26 in what police said "appeared to be a suicide. No evidence of foul play was found during the initial investigation." The city's chief medical examiner's office confirmed the manner of death to be suicide.

    His parents Poornima Ramarao and Balaji Ramamurthy said they are still seeking answers, describing their son as a "happy, smart and brave young man" who loved to hike and recently returned from a trip with friends.

    Balaji grew up in the San Francisco Bay Area and first arrived at the fledgling AI research lab for a 2018 summer internship while studying computer science at the University of California, Berkeley. He returned a few years later to work at OpenAI, where one of his first projects, called WebGPT, helped pave the way for ChatGPT.

    "Suchir's contributions to this project were essential, and it wouldn't have succeeded without him," said OpenAI co-founder John Schulman in a social media post memorializing Balaji. Schulman, who recruited Balaji to his team, said what... Read More

    MySHOOT Profiles


    Add A Comment