CBS is reportedly looking to offer network chairman and CEO Les Moonves a nine figure buyout, in light of the recent sexual assault allegations levied against him.
The board is engaged in settlement talks with Moonves for a $100 million deal which would result in him leaving the company for good, CNBC reported. (RELATED: Stephen Colbert Torn Over CBS Sexual Harassment Scandal: ‘Make No Mistake, Les Moonves Is My Guy’)
“Sources close with the negotiations” spoke with CNBC and said the COO Joe Ianniello would be Moonves’ interim replacement.
Moonves was accused back in August of making unwanted kissing and touching advances on women at the network for decades. The report also claimed employees embraced a culture of looking the other way and ignored valid complaints.
CBS also had to dismiss anchor Charlie Rose back in November 2017 for allegations of misconduct, after he was accused of sexually harassing several different women. The scandal rocked the network and caused internal strife within the organization.
Moonves could be owed as much as $180 million under the terms of his current contract, according to CNBC. The $100 million would all be in the from of CBS stock. The board may also look to recoup any financial losses that might stem from Moonves’ sexual harassment issues.
CBS officials declined to comment when CNBC reached out for a statement.
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