CBS negotiating exit of CEO Les Moonves

CBS Corp. and Shari Redstone near settlement of legal dispute, discuss exit for CEO Les Moonves

Leslie Moonves in settlement talks with CBS board: Report

The board of U.S. television giant CBS is negotiating a multi-million-dollar exit for CEO Leslie Moonves, accused of sexual misconduct by at least six women, United States media reported Thursday.

"A man accused of rigorously reported allegations of harassment should not be rewarded with a golden parachute", the Hollywood women founded group said in a statement Thursday as Moonves' pay day looked to be nearly here."Les Moonves walking away with a $100 million settlement sends a message to survivors everywhere that powerful men can act without fear of outcome", the Reese Witherspoon, Natalie Portman, Nina Shaw, Rashida Jones, Kerry Washington, Lena Waithe, America Ferrera, Eva Longoria, Ashley Judd and Ava DuVernay supported organization added. Some reports have speculated that Moonves could walk away with a severance package worth more than $100 million.

How dare they! After all, as Moonves told those dirt-digging reporters at The New Yorker that he always respected the word "no" and, sure, "there were times decades ago when [he] may have made some women uncomfortable by making advances", but who hasn't?

If Moonves does leave the network, Joseph Ianniello is likely to be named as an interim successor, the Times said. CBS and NAI officials have declined to comment on talks between the two companies. Plus, Moonves swore that he never misused his position "to harm or hinder anyone's career", and isn't that pinky-swear promise enough to merit an additional $80 million?

FBN's Charlie Gasparino discusses how CBS CEO Les Moonves is negotiating his exit from the company. 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 law firms will also look into other allegations that the culture at CBS and CBS News tolerated abusive behaviour. While his contract would entitle him a golden parachute of up to $US180 million, the board is reportedly offering him about $US100 million given the ongoing investigation into sexual harassment claims against him.

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