The CBS board of directors has denied ousted CEO Les Moonves any of the $120 million severance he was due under his contract.<br />In a statement the board said "Mr. Moonves will not receive any severance payment from the Company."<br />Business Insider reports the board said that there were grounds to terminate Moonves "for cause."<br />The longtime chairman and CEO was forced out September 9 amid a series of allegations of sexual assault and misconduct. <br />
