Former CBS honcho Les Moonves relinquished a hefty sum of stock awards last year due to his exit from the company following a wave of sexual misconduct allegations against him.
The ex-CBS Corp. CEO gave up $34.5 million in stock awards through the settlement he reached with the media conglomerate, Variety reported, citing documents filed with the Securities and Exchange Commission.
His total earnings for 2018 came in at roughly $4.6 million, according to the report, while he also received an $8 million payment from a 2017 bonus last year.
Moonves, 69, stepped down from CBS last September after numerous sexual misconduct allegations emerged.
CBS announced in December that Moonves would not receive a $120 million severance package after an internal investigation determined there were “grounds to terminate for cause.”
“With regard to Mr. Moonves, we have determined that there are grounds to terminate for cause, including his willful and material misfeasance, violation of Company policies and breach of his employment contract, as well as his willful failure to cooperate fully with the Company’s investigation,” read a statement released by CBS at the time.
Moonves has denied allegations of misconduct and claimed his sexual interactions were consensual.
Joseph Ianniello is currently serving as the media company’s CEO in the aftermath of Moonves’ exit. CBS has not announced a permanent replacement.
Moonves reportedly earned more than $69 million in both 2016 and 2017.
His wife, TV host Julie Chen, has been vocal in her support of Moonves and left her panelist gig on the CBS show “The Talk” after her husband stepped down.