Ex-CBS chief loses out on $120M severance; student debt doubles since 2009, and more top news

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Former CBS CEO Les Moonves will not receive a planned $120 million severance from the media company following a sexual misconduct investigation. Moonves, who was ousted in September, is accused of sexually harassing a dozen women — an allegation he denies. After the probe into sexual harassment at the company, CBS announced new policies to combat misconduct. ? Here’s what people are saying.

The level of student debt in the U.S. has more than doubled since the end of the Great Recession in 2009 — to $1.465 trillion — with those borrowing during 2012 defaulting faster than in any other year since that time. Most of those students are now aged 24 to 33, meaning they entered the workforce when the unemployment rate was twice as high as today. Some 2.7 million borrowers owe more than $100,000 in student debt. ? Here’s what people are saying.

Goldman Sachs and one of its former partners were charged by Malaysian authorities over the 1MDB corrupt Malaysian investment fund. The firm allegedly omitted information and published untrue statements related to the sale of international bonds. Authorities allege that $2.7 billion was siphoned from the $6.5 billion securities sale that Goldman arranged for the state investment fund in 2012 and 2013. ? Here’s what people are saying.

Even with unemployment at a 50-year low, homelessness is on the rise in American cities as the cost of housing ramps higher. The Department of Housing and Urban Development reports that the homeless population grew 0.3% this year, a second annual increase after seven years of declines. The backdrop is skyrocketing rentals in the biggest metropolitan areas: New York and Los Angeles, where a quarter of the nation’s homeless live, have seen rents increase 20% and 30%, respectively, since 2012. ? Here’s what people are saying.

Early-career doctors, pharmacists and finance professionals are drawn to working in the technology sector due to perceptions of more substantive work and potentially better compensation, according to a pair of LinkedIn surveys. The surveys found that 47% of young doctors and pharmacists are interested in shifting to tech companies, as are 54% of newly minted MBA grads with finance experience. Medical schools, business schools and traditional employers are being forced to adapt as a result. ? Here’s what people are saying.

Idea of the Day: When women support other women in the workplace, the entire company can benefit, says student Katie Vigilante.

“Female leadership can truly trickle down. Mentorship follows similarly uplifting patterns.”

What's your take on today’s stories? Share your thoughts in the comments. 

— Jessica Hartogs and Carmel Melouney