According to reports today from CNBC, CBS is offering Les Moonves an exit package of $100 million, mostly in stock. Big as that sounds, it is less than severance called for in Moonves’ contract, which is $180 million and a production deal. Additionally, CNBC reports that the board wants to recover some of the severance compensation if the sexual misconduct allegations against Moonves that surfaced in July prove true. After Moonves’ exit, coo Joe Ianniello would step in as his interim replacement. The initial market reaction to that news was positive, pushing the stock up at midday. The accusations about Moonves […]
