Technology
CBS board is reportedly negotiating a $100 million exit for CEO Les Moonves
Chris
Pizzello/Associated Press
The CBS board is in settlement talks with CBS CEO Les Moonves for
his exit from the company,
CNBC’s David Faber reported Thursday, citing “people close to
the negotiations.”
If the talks are successful, Moonves’ right-hand man, COO Joe
Ianniello, will serve as interim CEO, according to CNBC.
A sticking point is Moonves’ exit package, according to the
report. While his contract would entitle him to up to a golden
parachute of up to $180 million, given the ongoing investigation
into sexual harassment claims against the CEO, the board is
reportedly offering him about $100 million. The board is also
reportedly seeking the right to claw back a portion of that
package depending on the findings of the investigation.
Developing…
-
Business7 days ago
TikTok Shop expands its secondhand luxury fashion offering to the UK
-
Business6 days ago
UnitedHealth says Change hackers stole health data on ‘substantial proportion of people in America’
-
Business6 days ago
Mood.camera is an iOS app that feels like using a retro analog camera
-
Business5 days ago
Tesla’s new growth plan is centered around mysterious cheaper models
-
Business4 days ago
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
-
Business4 days ago
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
-
Entertainment6 days ago
Furious Watcher fans are blasting it as ‘greedy’ over paid subscription service
-
Business5 days ago
Two widow founders launch DayNew, a social platform for people dealing with grief and trauma