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Les Moonves will NOT receive $120M exit package from ViacomCBS as the ousted CEO drops his legal battle over 2018 firing amid sexual misconduct allegations
ViacomCBS said Friday the long-running dispute with its former CEO has been resolved and Moonves has agreed to walk away from the severance package
The $120 million, which had been held in a trust, will be returned to ViacomCBS
The ousted TV boss is receiving some form of settlement though the amount and terms have not been revealed; he is donating it to charity
Moonves was ousted from CBS in 2018 amid allegations of sexual misconduct and harassment from multiple women spanning three decades