>> CBS said on Monday it found cause to fire former CEO Les Moonves without severance as he heads out the door in disgrace. That means no $120 million golden parachute. A board of directors review of the findings of an investigation into Moonves' behavior found grounds to terminate his contract.
CBS says he refused to cooperate fully with the investigation and violated company policies. The company is bracing for a likely legal battle with Moonves, who has been accused of sexual harassment and assault that allegedly took before and after he joined the company. Reuters media editor Kenneth Lee.>> I think what the company's hoping is that with the very strong language in the statement, and that they have determined that they are essentially firing him or terminating him for cause.
It sends a message to the employees that they will no longer tolerate this type of activity or behavior.>> A draft report of the investigation was leaked to the New York Times this month. It accused Moonves of destroying evidence and seeking to mollify accusers with promises of jobs at CBS.
The report also included more accusations that Moonves advanced the careers of women who had sex with him, and included more accusers beyond the 12 in the New Yorker articles that lead to his forced resignation in September.>> The other part of what they said tonight was that they had investigated the culture of CBS, specifically CBS News, and found that harassment and retaliation was not pervasive in the company or the newsroom.
But that they had failed to invest in human resources and other functions that would have protected employees from these types of activities.>> He's denied any wrongdoing and has described his sexual encounters as consensual.