CBS Offers Les Moonves $100 Million Bucks to Walk Away

CBS CEO Les Moonves has been accused to sexual harassment and now CBS is offering a $100 million bucks to walk away from the job. 

Huh? 

If Moonves is innocent of these allegations, why should he have to leave? If he is guilty of them, why does he get a $100 million bucks to leave? 

Welcome to the world of TV management. 

CNBC reports that the CBS board is deep in settlement talks with Moonves that would result in his departure and the appointment of COO Joe Ianniello as his interim replacement.

The talks have been going on for some time but have yet to reach a conclusion given continued back-and-forth about his exit package, the sources said.

While under his contract he is due as much as $180 million in severance and a production deal, the board is offering a roughly $100 million exit package made up almost entirely of CBS stock, sources said. They said the board also wants the right to claw back some of the compensation if it's determined that sexual harassment allegations against Moonves are confirmed.

If it is confirmed, I would hope that they would ask for the entire $100 million back.

CBS officials declined comment. The company's share price opened slightly higher Thursday after the CNBC report.