The board of US television
giant CBS is negotiating a multi-million-dollar exit for CEO Leslie Moonves, accused of sexual misconduct by at least six women, US media reported Thursday.
Moonves, who orchestrated CBS's revival into a ratings winner, is one of the most powerful American men implicated in
the #MeToo era that ignited nearly a year ago with the career implosion of Harvey Weinstein.
Six women who had professional dealings with Moonves told The New Yorker in an article published on July 27 that he sexually harassed them between the 1980s and late 2000s.
The settlement talks would see Moonves replaced by COO Joseph Ianniello on an interim basis and offered a roughly $100 million exit package made up almost entirely of CBS stock, CNBC reported.
The board wants to be able to take back some of the compensation if the harassment allegations against Moonves are confirmed, CNBC said. CBS shares were up decisively on Thursday.
The Los Angeles Times also reported that talks are ongoing on a severance package for Moonves and a settlement which could also resolve a legal dispute for control of CBS that would favor controlling shareholder Shari Redstone.
The US television giant has been the focus of an ongoing legal battle between the Redstone family and the board, chaired by Moonves.
Read more at: https://phys.org/news/2018-09-cbs-exit-accused-ceo-moonves.html#jCp
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