These discussions are occurring as the company and its controlling shareholder Shari Redstone and National Amusements Inc are also hammering out a settlement to a legal dispute over the control of CBS.
"This is a time when we all are appropriately focused on how we help improve our society, and we at CBS are committed to being part of the solution".
"Rather than reward an alleged predator, this $100 million could fund the legal defenses of countless women and men facing workplace harassment and abuse across the country", Time's Up suggested to the CBS board and Shari Redstone as they huddle over a deal for Moonves, who has accused by half a dozen women of sexual harassment and sexual assault in a late July damning New Yorker piece.
CBS Corporation shares were trading at $54.77 per share on Thursday afternoon, up $1.82 (+3.44%). He has overseen the company's transformation from traditional TV and radio broadcaster to a supplier of shows to digital platforms and the launch of its own streaming TV service. Viacom stock has fallen more than 28 percent from $41.15 in the same period.
That investigation is ongoing and could impact Moonves' severance, the sources said.
Some Experts Tout, Others Trash Kavanaugh To Close Hearing
Richard Blumenthal of CT invited him to denounce Trump's criticism of federal judges, the nominee demurred. He offered to send the senator his book to give "him some insights of what really did happen in there".
CBS did not immediately respond to an AFP request to comment. CBS shares were up decisively on Thursday. (After all, he wouldn't have to leave if it weren't for that pesky Ronan Farrow!) An agreement supposedly entitles him to as much as $180 million in severance and "a production deal" (guessing sob story rights?) if the board chose to dismiss him for, like, no good reason.
Moonves received total compensation of $69.33 million in 2017, making him one of the highest paid US executives.
As reported by CNBC, citing people familiar with the negotiations, the exit package will be made up nearly entirely of CBS stock. But I always understood and respected - and abided by the principle - that "no" means 'no, ' and I have never misused my position to harm or hinder anyone's career.
Last week, a NY law firm filed a class-action complaint against CBS alleging shareholders had suffered in the wake of the allegations.