Only Les Moonves' egregious behavior saved CBS $120M – that's why CEO contracts need to change
- Written by Elizabeth C. Tippett, Associate Professor, School of Law, University of Oregon

Corporate America is notorious for letting disgraced CEOswalk away with millions.
Yet somehow Les Moonves, who was fired from CBS “for cause” on Dec. 17 after a monthslong investigation into his alleged misdeeds, lost US$120 million in promised severance benefits...