Les Moonves Said to Be Negotiating Possible Exit From CBS [The New York Times]
CBS (CBS)
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Source: The New York Times
Leslie Moonves, faced with an investigation into allegations of sexual harassment against him as well as a bitter boardroom battle over the control of CBS, has for the last few weeks been negotiating his potential exit from the network he has run for two decades. Mr. Moonves has been talking to the board about his possible departure as chief executive, including terms of a payout that would be far less than $180 million, the amount specified in his employment agreement should he leave the CBS Corporation, according to three people familiar with the discussions who spoke on condition of anonymity to discuss a private bargaining agreement. The multiple allegations of sexual harassment against Mr. Moonves have partly motivated the talks, which could still break down. Should Mr. Moonves depart, his chief lieutenant, Joseph Ianniello, is likely to be named interim chief executive, two of the people said. During his tenure, Mr. Moonves, 68, has helped transform CBS from a last-pla
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