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Les Moonves, one of the highest-paid CEOs in the US, leaves CBS with a net worth of $700 million

Leslie Moonves, CEO and Chairman of CBS corporation, has left the company following new reports of sexual harassment and assault accusations, the network announced on Sunday. Moonves is worth an estimated $700 million and was one of the highest-paid CEOs in the US.
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  • Corporation CEO and Chairman Leslie Moonves has left the company after The New Yorker published a new report detailing
  • The accusations followed
  • The network said Moonves would not receive any severance benefits at this time.
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Leslie Moonves, CEO and Chairman of CBS Corporation, left the company after a new wave of sexual assault and harassment allegations, the network announced Sunday night.

The New Yorker published a report Sunday detailing accusations against the media executive from six women. This came after CBS hired multiple law firms to launch an investigation against Moonves in August, after six other women accused Moonves of sexual misconduct or harassment.

Moonves was one of the highest-paid CEOs in the US, thanks to a compensation package of cash, restricted shares and stock options worth $57 million in 2014, Forbes reported. He's worth an estimated $700 million.

CNBC reported$100 million exit package, but CBS said in its Sunday statement that Moonves would not receive any severance benefits at this time, pending the results of an independent investigation. Moonves has denied the allegations against him.

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Here's how Moonves made his $700 fortune.

Moonves worked as an actor in the 1970s, with small roles in TV series including "Gemini Man" in 1976 and "The Six Million Dollar Man" in 1977.

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He went on to take over Lorimar Television in 1989, which then merged with Warner Bros. Television.

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In the early 1990s, Moonves developed hit TV shows including "ER" and "Friends" as president of Warner Bros.

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He moved to CBS in 1995 as president of CBS Entertainment, where he helped bring in new talent including Bill Cosby.

He was promoted to CEO of CBS Television in 1998 and became Chairman and CEO in 2006.

During his time at the network, Moonves launched popular shows such as "Survivor" and "CSI: Crime Scene Investigation."

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CBS also grew its success in comedy under Moonves, with "Everybody Loves Raymond," "Two and a Half Men," and "The Big Bang Theory."

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Forbes classified him as the 15th richest Hollywood power broker in its 2015 ranking.

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In 2016, Moonves made $69.6 million, and he's made at least $50 million each year since 2010, according to The Wrap.

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Moonves made $69.3 million in 2017, making him the highest-paid Hollywood executive.

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That's $20 million more than the earnings of Jeff Bewkes, the CEO of Time Warner, who made $49 million in 2017.

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Moonves lives with his wife in a 10,000 square foot Beverly Hills mansion he bought for $14 million in 2006.

The home includes a $500,000 personal screening room paid for by CBS, according to Crain's New York Business.

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Moonves also bought a $28 million Malibu beach home from Microsoft co-founder Paul Allen in 2014.

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