Published: Sun, September 09, 2018
Money | By Ralph Mccoy

CBS Corporation(NYSE:CBS): CBS Corporation (CBS) Negotiating Terms Of CEO Exit

CBS Corporation(NYSE:CBS): CBS Corporation (CBS) Negotiating Terms Of CEO Exit

CNBC is reporting that Leslie Moonves in now in settlement talks with the CBS board of directors about leaving the company.

After initially dropping ahead of the open, shares of CBS rose about 0.5% Thursday after CNBC reported the broadcaster was in settlement talks with CEO Les Moonves for his exit from the company following sexual-misconduct allegations brought against him by six women. The 68-year-old executive is reportedly due almost $180 million in severance and a production deal under his current contract.

If Moonves does soon leave the company, he would be replaced by COO Joe Ianniello in the interim, CNBC reported.

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They are very powerful. "I think power, obviously a big serve". "I think this was really important part of the game". Tsurenko, who had 31 unforced errors, went up 40-15 in the first game of the second set, but was broken again.

The accusations against Moonves were made public as part of a bombshell report in the New Yorker written by Ronan Farrow on July 27. CBS didn't return a request for comment. Those were mistakes, and I regret them immensely.

Sources close to the talks tell CNBC that the board "wants the rights to claw back some of the compensation if it's determined that sexual harassment allegations against Moonves are confirmed". "But I always understood and respected - and abided by the principle - that "no" means "no", and I have never misused my position to harm or hinder anyone's career". Time's Up included a link to its own Go Fund Me page, urging CBS leaders to "use this money to provide power and justice to victims of abuse".

The writing may have been on the wall for Time's Up reaction with the huge sums of money that are at play for the much accused and still under investigation Moonves. Since then, dozens of other women have come forward with similar claims and CBS has launched an internal investigation.

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