Les Moonves is out as CEO and chairman of CBS, and I’m sure anyone who has ever experienced any degree of Les’s alleged workplace grossness (and possibly also Janet Jackson) thought, “Terrific – I do hope someone lets the door hit your ass on the way out.” Sadly, that door might not be making contact with Les’s backside any time soon. According to NBC News, CBS is keeping Les around as an “advisor.”
NBC News says that due to a confidentiality clause, we’ll never know the details of Les’s exit from his position at CBS and the investigation that took place after several women accused him of sexual harassment and assault. CBS will be required to disclose any payouts, if they’ve made any or are planning on making any, but they’ll only have to disclose that information to investors.
Pending the results of said investigation, Les might get millions. It was rumored he would leave with $120 million. NBC News says that his contract had entitled him to $280 million. But according to a corporate filing yesterday, Les’s millions – the unauthorized sequel to Brewster’s Millions that no one wanted – will be held in trust until the investigation is completed. However, he won’t be sitting around the house, dodging dirty side-eyes from an on-hiatus Julie Chen as she walks with arms crossed from room to room.
NBC News says that as part of Les’s termination agreement, he will remain at CBS as an “unpaid advisor” and will still walk away with millions.
As for what kind of advising Les will be doing, it’s probably safe to assume it’s business-related. If CBS was smart, they would set Les up in the lobby in an Ask Zandar-style clear ball. But the trick is that whatever advice he gives you, you do the exact opposite. That’s probably the best advising you could get out of him.