CBS' Moonves scandal programs why business The u.s.a. requirements harder CEO pay agreements
Business The u.s.a. is well-known for allowing disgraced CEOs leave with millions. Yet in some way Les Moonves, that was terminated from CBS "for trigger" on Dec. 17 after a monthslong examination right into his supposed misdeeds, shed US$120 million in guaranteed severance advantages – and that is in spite of that his acquire terms with the network were extremely charitable. In various other words, the business was extremely fortunate Moonves' habits and his initiatives to cover it up were so egregious. Or else Moonves – thus a lot of his dropped peers – would certainly have strolled away with a windfall. So why does business The u.s.a. make it so simple for preferred CEOs to leave under a shadow of disgrace with millions in their pocket? As a previous work attorney, I criticize the "trigger" provision. Moonves' autumn The CBS board of directors' choice to reject Moonves his severance complied with an examination by 2 high-profile law practice, which ob