Leslie Moonves in settlement talks with CBS board

Les Moonves in talks for $100 million settlement to leave CBS after sexual misconduct allegations

Moonves's potential departure comes amid sexual assault allegations against him - and as CBS faces a legal dispute regarding control of the company. How dare they! After all, as Moonves told those dirt-digging reporters at The New Yorker that he always respected the word "no" and, sure, "there were times decades ago when [he] may have made some women uncomfortable by making advances", but who hasn't?

The board of United States television giant CBS is negotiating a multi-million-dollar exit for CEO Leslie Moonves, accused of sexual misconduct by at least six women, USA media reported Thursday.

The board has offered a roughly $100 million exit package, CNBC reported earlier on Thursday, citing people familiar with the negotiations. Under his contract, he is entitled to up to $180 million in severance.

Moonves, who orchestrated CBS's revival into a ratings victor, is one of the most powerful American men implicated in the #MeToo era that ignited almost a year ago with the career implosion of Harvey Weinstein.

The CBS board has hired two outside law firms to conduct an independent investigation into the claims against Moonves, as well as other issues throughout CBS and CBS News.

According to a CNBC report, the talks between CBS and Moonves have stalled, as both sides debate how much Moonves deserves.

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The US television giant has been the focus of an ongoing legal battle between the Redstone family and the board, chaired by Moonves.

FILE PHOTO: CEO of CBS Corp, Leslie Moonves, waves on the first day of the annual Allen and Co. media conference in Sun Valley, Idaho, U.S., July 8, 2015.

Last week, a NY law firm filed a class-action complaint against CBS alleging shareholders had suffered in the wake of the allegations.

Moonves has denied the allegations against him.

CBS declined to comment to CNBC and did not immediately respond to a request for comment from Business Insider.

A big payout could open the company to shareholder litigation, experts said.

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