CBS board reportedly in talks to oust CEO Les Moonves

The CBS board is in settlement negotiations with CEO Les Moonves, who faces multiple accusations of sexual harassment, to arrange his departure, according to CNBC.

CBS COO Joe Ianniello would replace Mr. Moonves, whose contract calls for up to $180 million and a production deal as part of severance package, though the board reportedly is offering roughly $100 million, mostly in CBS stock.

The board also reportedly is negotiating for the right to reclaim a portion of the compensation if the sexual harassment allegations against Mr. Moonves are confirmed.

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