Labor/Employment
Dec. 13, 2018
Does CBS still have to pay $120M severance package to Moonves?
It’s time to rethink and redraft executive contracts. Management should not have to wait for a legal verdict in order to do the right thing.
Gerald L. Sauer
Partner
Sauer & Wagner LLP
litigation, intellectual property, business law
1801 Century Park E Ste 1150
Los Angeles , CA 90067-2331
Phone: (310) 712-8102
Fax: (310) 712-8108
Email: gsauer@swattys.com
UC Hastings
Gerald Sauer is a founding partner at Sauer & Wagner LLP in Los Angeles. He has been litigating for 34 years, and specializes in intellectual property and business law. He can be reached at (310) 712-8102 or by email at gsauer@swattys.com
Management at CBS is facing a quandary: Must it pay CEO Leslie Moonves -- accused of engaging in multiple acts of nonconsensual sexual misconduct both in and outside the workplace -- a $120 million severance package or can it withhold payment?
It should be a simple decision, but in fact it's complicated. Moonves's employment agreement requires conduct to be "willful" for purposes of establishing "cause" for termination, and willful...
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