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…
-
Business6 days ago
Lordstown Motors’ ousted CEO settles with SEC for misleading investors
-
Business5 days ago
Apple sued, Microsoft’s AI ambitions and Nvidia’s surprises
-
Business4 days ago
TechCrunch Mobility: The wheels are starting to come off the Fisker EV bus
-
Entertainment4 days ago
Amazon Big Spring Sale 2024: Shop 350+ deals on Apple, robot vacuums, security cameras, more
-
Business3 days ago
Maju Kuruvilla is out as CEO of one-click checkout company Bolt
-
Entertainment3 days ago
Asus ROG Zephyrus G14 (2024): The MacBook Pro of gaming laptops
-
Entertainment5 days ago
Amazon’s Big Spring Sale 2024: Shop 340+ deals on Apple, robot vacuums, security cameras, more
-
Entertainment4 days ago
Amazon’s Big Spring Sale 2024: Shop 350+ deals on Apple, robot vacuums, security cameras, more