CBS is negotiating an exit package with embattled CEO Leslie Moonves

[Yo_Mama_Been_Loggin]

Leslie Moonves’ days as chief executive of CBS appear to be numbered.

The powerful TV executive has been negotiating an exit package with the CBS board of directors, according to two sources familiar with the talks who spoke on condition of anonymity because they were not authorized to speak publicly.

The talks come as Moonves faces an investigation into sexual misconduct allegations against him, a looming court battle with its controlling shareholder, and investors who are clamoring for clarity about who will be in charge over the next 12 months.

The talks began just weeks after The New Yorker published allegations of sexual misconduct leveled against Moonves, according to both sources.

-snip-

Moonves has been using a battery of lawyers to negotiate an exit package that is larger than the $180 million severance dictated by his contract, according to one source.

CBS board members are offering a severance package of $100 million of stock, according to CNBC, which also reported that CBS chief operating officer Joe Ianniello could step in as interim CEO.

https://www.nbcnews.com/business/business-news/cbs-negotiating-exit-package-embattled-ceo-leslie-moonves-n907176

Nice reward for fucking up.

[malaise]

1. Janet Jackson must be howling with laughter

https://www.msn.com/en-ca/entertainment/entertainmenttv/exclusive-les-moonves-was-obsessed-with-ruining-janet-jackson’s-career-sources-say/ar-BBN0mIh?li=AAggNb9


One thing that allies and critics of Les Moonves, the CEO and chairman of CBS, agree on is that he tends to remember who his enemies are, and exact revenge on them on his terms. From actors to entertainment lawyers, people who ended up on the wrong side of Moonves would often become his target for years after they upset him.

Although Moonves is embattled and likely to be ousted from CBS amid sexual harassment allegations (reportedly with a significant severance payment) following an investigation by The New Yorker, many women and men whom I contacted about Moonves’ conduct were reluctant to speak to me, even when I told them they could speak off the record.

One target of Moonves’ ire and vengefulness, according to multiple sources, was Janet Jackson.

Jackson became a years-long fixation for Moonves after the so-called “wardrobe malfunction” of 2004, when her breast was exposed for nine-sixteenths of a second after Justin Timberlake tore a piece of fabric off her bustier during their Super Bowl halftime performance. CBS and MTV (a subsidiary of Viacom, the parent company of CBS at the time), which produced the halftime show, faced a torrent of criticism and a $550,000 Federal Communications Commission fine.

[Catherine Vincent]

3. I'll never forget all the fake outrage after that incident

It pissed me off to no end. And now we find out about how this high and mighty Moonves wanted Janet to cry and beg for his forgiveness and tried to destroy her? Please! Karma is catching up with this pos.

[malaise]

6. It's the best part of his exit

Pure fugging evil and racist to the core

[SamKnause]

2. You're fired.

Get the fuck out.

There's your package.

[Roland99]

4. $100,000,000 as a reward for being fired for being a sex offender

Crime pays for powerful old white men

Know what I’d do with $100,000,000?

Setup a charitable trust to fund college scholarship funds, fund school lunches for area schools, all kinds of stuff

Bet he buys a massive yacht

[UTUSN]

5. Whoa, what ever will become of Julie CHEN on The Talk (& Big Brother)?!1

You know, now it falls into place how Dave L. got past his own fracas, his fracas bothering because I like him, and MOONVES was always cited as being LETTERMAN's boss, meaning covering for him? And after the MOONVES stuff broke, there were items saying CHEN is not that nice herself.