CBS Directors, Les Moonves Negotiating His Exit as CEO

CBS directors also asking for assurances of autonomy from controlling shareholder National Amusements

Independent board members of CBS Corp. are negotiating a possible exit for Chief Executive Leslie Moonves and asking for assurances of autonomy from controlling shareholder National Amusements Inc., people familiar with the matter said.

The fast-moving talks come as CBS and National Amusements, led by Shari Redstone, are trying to settle a legal dispute over control of the media company that is scheduled for trial in Delaware next month.

...