ViacomCBS said Friday that former CBS CEO Les Moonves will not get his $120 million severance package from his firing in 2018, ending a long-running dispute over the money.
Moonves was ousted in 2018 after a company investigation into allegations of sexual misconduct spanning three decades found Moonves violated company policy and did not cooperate with the investigation.
But Moonves challenged the decision and his $120 million severance was set aside until the matter could be resolved.
On Friday, New York-based ViacomCBS said in a filing with the Securities and Exchange Commission that the matter had been resolved, the arbitration dismissed, and the $120 million would be going back to ViacomCBS in its entirety. It give no further details.
Moonves was one of television's most influential figures, credited for turning around the fortunes of CBS when he took over as entertainment chief in 1995. He had been one of the highest-paid executives in the nation, making about $70 million a year at the end of his run with the company.
He was ousted after allegations from women who said he subjected them to mistreatment including forced oral sex, groping and retaliation if they resisted. Moonves has denied any allegations of non-consensual sex.
Google’s AI model faces European Union scrutiny from privacy watchdog
European Union regulators said Thursday they're looking into one of Google's artificial intelligence models over concerns about its compliance with the bloc's strict data privacy rules.
Ireland's Data Protection Commission said it has opened an inquiry into Google's Pathways Language Model 2, also known as PaLM2. It's part of wider efforts, including by other national watchdogs across the 27-nation bloc, to scrutinize how AI systems handle personal data.
Google's European headquarters are based in Dublin, so the Irish watchdog acts as the company's lead regulator for the bloc's privacy rulebook, known as the General Data Protection Regulation, or GDPR.
The commission said its inquiry is examining whether Google has assessed whether PaLM2's data processing would likely result in a "high risk to the rights and freedoms of individuals" in the EU.
Large language models like PaLM2 are vast troves of data that act as building blocks for artificial intelligence systems. Google uses PaLM2 to power a range of generative AI services including email summarizing. The company did not respond to a request for comment.
The Irish watchdog said earlier this month that Elon Musk's social media platform X has agreed to permanently stop processing user data for its AI chatbot Grok. The platform did so only after the watchdog took it to court the month before, filing an urgent High Court application to get X to "suspend, restrict or prohibit" processing of personal data contained in public posts by its users.
Meta Platforms paused its plans to use content posted by European users to train the latest version of its large language model after apparent pressure from the Irish regulators. The decision "followed intensive engagement" between the... Read More