Les Moonves waves goodbye to $120M exit package, ViacomCBS says

Disgraced ex-CBS chief executive Les Moonves has agreed to walk away from the $120 million exit package he lost when he was fired in 2018, ViacomCBS said.

In a Securities & Exchange Commission filing on Friday, the company behind “SpongeBob SquarePants” and “NCIS” said its dispute with Moonves over the severance has been “resolved.” Some money was exchanged as a result, the company said. But Moonves’ $120 million severance package, which has been held in trust since his firing, will “revert to the company.”