Facing multiple sexual misconduct allegations and fearing his career as an entertainment titan was over, Leslie Moonves, the chief executive of CBS, destroyed evidence and misled investigators in an attempt to preserve his reputation and save a lucrative severance deal, according to a draft of a report prepared for the company’s board.

The report, by lawyers hired by the network, says the company has justification to deny Mr. Moonves his $120 million severance. Mr. Moonves reigned as one of Hollywood’s most successful and celebrated executives for decades before being forced to step down in September after allegations by numerous women…

Investigators wrote that they had found that Mr. Moonves “received oral sex from at least 4 CBS employees under circumstances that sound transactional and improper to the extent that there was no hint of any relationship, romance, or reciprocity (especially given what we know about his history of more or less forced oral sex with women with whom he has no ongoing relationship).”…

Investigators wrote that they had received “multiple reports” about a network employee who was “on call” to perform oral sex on Mr. Moonves.