ViacomCBS does not have to pay former CBS chief Les Moonves $120 million that he claimed the company owed him under terms of his separation. Moonves resigned in 2018 in the wake of allegations of sexual misconduct. (CBS merged with Viacom in late 2019). The board of CBS stipulated that Moonves was not owed the $120 million in his separation agreement because there were grounds to fire him....
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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