VIDEO : Les Moonves To Leave CBS?

According to SF Gate, the CBS Board is in negotiations for Les Moonves to exit the publicly traded company.
If Moonves were to exit the company, current CBS COO, Joe Ianniello would step in as the company?s interim CEO.
CBS is currently fighting a very public legal battle with majority shareholder Shari Redstone, over a merger with VIACOM, which Moonves and CBS saw as potentially harmful to the value of the company.