Fired former CBS CEO Les Moonves settles dispute with ViacomCBS over his $120 million exit package, will donate the settlement to charity

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The $120 million severance package had been placed in a trust as Moonves and CBS were in arbitration over the money following his firing in 2018. “Leslie Moonves, CBS and a contractor to CBS have​ resolved their disputes,” read a joint statement today from Moonves and ViacomCBS. “The cost of the settlement will be borne by the contractor,” the statement added. “Mr. Moonves has decided to contribute the entire settlement amount to various charities. There will be no further comment regarding this settlement by Mr. Moonves or CBS.”