The company’s board announced yesterday, the directors “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.”
He may be out a huge chunk of money, but it looks like he will be still doing just fine. If times get tough, he could always sell his $13 million dollar mega mansion in the heart of Beverly Hills.
Interestingly enough, seems that Les and his wife, Julie Chen, have been trying to rent out their Bev Hills home. According to official listing information, the couple put the home up for rent back in June of 2018 for $60,000 per month. Seems there weren’t any takers, so a few months later, lowered the rental price to $50K per month. A few days ago, the owners finally removed the listing at the beginning of December. Which means, the home finally rented, or they gave up.