REPORT: CBS to shell out huge donations to Time’s Up and other groups after Les Moonves ouster

CBSNEWS.COM:

Time’s Up Legal Defense Fund and Time’s Up Entertainment are among the 18 recipients of a $20 million donation from CBS Corporation, an amount determined when Leslie Moonves was pushed out as CEOover sexual misconduct allegations, according to a press release issued Friday. The money was earmarked for groups focused on “eliminating sexual harassment in the workplace.”

The Time’s Up groups, which have been vocal in their criticism of Moonves, will receive a combined $2 million of the sum, according to a separate press release from the organization Friday. The funds will be used in part to launch an initiative called “Who’s in the Room,” aimed at increasing female representation in the entertainment industry.

The article goes on to state the following:

The funds to all the groups will be distributed within 60 days of execution of the agreement, according to a person familiar with the arrangement. The amount each group will receive was based on their proposal and “capacity to absorb funds relative to their annual budgets.”

When Moonves exited in September, CBS said the $20 million would come out of Moonves’ potential severance package of $140 million. That still leaves a possible $120 million for Moonves, unless he is found to have been terminated for cause. The CBS board has until Jan. 31 to determine whether it will make the payment.

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Author: Dean Daniels


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