Detailed Instructions: In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Problem:CBS chief executive Les Moonves is exiting the company, effective immediately, amid a flurry of sexual misconduct allegations. 
  
 The announcement on Sunday evening ends his 20-year tenure atop one of the country's most important media empires. 
  
 It also concludes a months-long battle for control of CBS between Moonves and the company's controlling shareholder, Shari Redstone. The CBS board is being reshaped, with six new directors, and Redstone is repeating her vow to consider new bids from potential buyers. 
  
 The shakeup may position CBS for a sale. But the company is also facing some continued reputational risk. There is widespread scrutiny about the prospect of Moonves being paid tens of millions of dollars on his way out the door. 
  
 Moonves is one of the media world's highest paid CEOs, so his severance package would normally be generous, even gargantuan. 
  
 But a huge payout to Moonves could stir shareholder ire in light of the disturbing harassment and assault allegations that have piled up against him. 
  
 With those optics in mind, CBS said Sunday night that Moonves and CBS will donate $20 million to organizations that support the #MeToo movement and other groups fighting for workplace equity for women. 
  
 The donation, which will be made immediately, will come out of any severance that Moonves might eventually be given. 
  
 Earlier in the day, a source said that Moonves stands to earn upward of $100 million. 
  
 But Sunday evening's announcement specified that any severance "will depend upon the results" of the ongoing internal investigations into his behavior. 
  
 In other words, the details and dollar amounts may not be determined for weeks or months. 
  
 The advocacy group Times Up said in a statement on Sunday afternoon, "We will accept nothing less than full transparency of the investigation's findings, a commitment to real change across all levels of CBS management and no reward for Les Moonves." 
  
 Boardroom battle and huge financial stakes 
  
 Sunday's developments are an extraordinary confluence of events — a boardroom battle royale and a #MeToo case at the C-suite level. 
  
 Moonves' allies will surely cast his exit as a corporate coup — a successful effort by Redstone to gain a tighter grip on CBS. 
  
 Redstone's allies will point to her position as controlling shareholder; accuse Moonves of plotting a jailbreak attempt; and cite the misconduct allegations. 
  
 The jailbreak happened earlier this year when Moonves and most members of the CBS board took steps to dilute Redstone's control. A blizzard of lawsuits and counter-suits ensued. A trial was set to start in October. 
  
 Through Sunday evening's settlement, all of those suits will be dismissed and CBS will return to some sense of normal corporate order. 
  
 Joseph Ianniello, who has been the CBS chief operating officer since 2013, will serve as president and acting CEO while the board looks for a new CEO. 
  
 On one level, this is a clear victory for Redstone, whose father Sumner Redstone bought CBS almost twenty years ago. 
  
 Moonves and Redstone were locked in a tug of war even before July 27, when Ronan Farrow of The New Yorker first reported on alleged harassment by Moonves. The CBS board initially resisted calls for Moonves to be suspended or forced out. 
  
 But his continued leadership of CBS became "untenable," an executive told CNN. 
  
 Moonves kept a relatively low profile in August, but remained in charge of the broadcasting behemoth. It is unclear when he first knew that he had to go. 
  
 Some sources close to Moonves said in August that he had vowed to fight both the allegations of wrongdoing and the legal war against Redstone. 
  
 But another source said he knew his exit was inevitable several months ago, even before Farrow's first story came out. 
  
 With settlement talks already underway, Farrow published a followup story on Sunday. He wrote that "six additional women have accused the television executive of sexual misconduct, as the board of the CBS Corporation weighs the terms of his departure." 
  
 Farrow said some of the women spoke out because they felt CBS was failing to take appropriate action against Moonves. 
  
 The CBS board had already hired two law firms to do an investigation. Now the firms have even more to examine. 
  
 Moonves is the first CEO of a Fortune 500 company to leave his job amid harassment allegations in the year since two investigations of Harvey Weinstein (one of them by Farrow) jump-started the #MeToo Movement. 
  
 In Farrow's first story, six women, some of whom were named, alleged harassment and other misconduct by Moonves and connected it to deeper problems at the company. 
  
 Some of the claims dated back several decades. Moonves acknowledged making mistakes in his past but said he never abused his power. 
  
 The accusations in the second story are even more serious. 
  
 'Serious allegations,' denials and ongoing investigations 
  
 "These are more numerous claims, these are six women all of them on the record, also describing more serious allegations," Farrow said on CNN's "Reliable Sources" shortly after The New Yorker published the followup. "This includes multiple allegations of either physically forced or coerced oral sex. It includes a case that resulted in a criminal investigation." 
  
 Moonves told Farrow in a statement that the "appalling accusations in this article are untrue." 
  
 He said he had consensual relations with three of the women named by The New Yorker "some 25 years ago before I came to CBS." He reiterated that he never abused his power and said he can only surmise that the allegations "are surfacing now for the first time, decades later, as part of a concerted effort by others to destroy my name, my reputation and my career." 
  
 Farrow had a different explanation. 
  
 He said on CNN that "these women are coming out now" because "they have been extraordinarily frustrated by what they perceive to be inaction on the part of CBS and its board. And that really is integral to what prompted this followup story." 
  
 While the law firms have been investigating, Moonves has been "allowed to stay and continue to run the company," a different outcome than many other "Me Too" cases, Farrow noted. 
  
 Farrow indicated that CBS has been aware of the new allegations for at least several days. "In the last week, as we reached out to CBS for comment," stories emerged about exit talks, Farrow said. 
  
 The Los Angeles Times reported on Wednesday night that CBS board members were talking about Moonves' potential exit. Discussions had focused on the size of a severance package, and on whether Moonves would move to a producer role, the Times reported. 
  
 "As of a couple of days ago, they were still talking about potentially letting him leave with a very generous exit package, up to the neighborhood of $100 million," Farrow said on CNN. "Many of the women found that very, very frustrating. They felt this was a board that has let a powerful man who makes a lot of money for this company, in the words of one person, 'get away with it.'" ||||| CBS has made it official: Leslie Moonves is stepping down as chairman-CEO amid a cascade of sexual assault allegations, and CBS and National Amusements Inc. have settled the legal battle that erupted in May over control of the company. 
  
 CBS chief operating officer Joe Ianniello has been named interim CEO of the company. The shakeup at the top includes the addition of six new board members to the 13-member CBS board, which has been at odds with NAI. 
  
 “CBS is an organization of talented and dedicated people who have created one of the most successful media companies in the world,” said Shari Redstone, CBS vice chair and president of NAI. “Today’s resolution will benefit all shareholders, allowing us to focus on the business of running CBS – and transforming it for the future. We are confident in Joe’s ability to serve as acting CEO and delighted to welcome our new directors, who bring valuable and diverse expertise and a strong commitment to corporate governance.” 
  
 The new board members are: Candace Beinecke, Barbara Byrne, Brian Goldner, Richard D. Parsons, Susan Schuman and Strauss Zelnick. Board members leaving CBS are: Arnold Kopelson, Leonard Goldberg, Charles Gifford, David Andelman and Doug Morris. 
  
 Related CBS’ New Directors Specialize In Deal-Making and New Media 
  
 The settlement agreement calls for CBS and Moonves to donate $20 million to organizations that support the #MeToo movement and equality for workplace in the women — a recognition of the disturbing allegations leveled against Moonves by a dozen women, as reported in two exposes by investigative reporter Ronan Farrow for the New Yorker. 
  
 The size of the potential $100 million-plus Moonves severance package has generated criticism from advocacy groups, including Time’s Up, given the severity of the allegations against him. 
  
 “The donation, which will be made immediately, has been deducted from any severance benefits that may be due Moonves following the Board’s ongoing independent investigation led by Covington & Burling and Debevoise & Plimpton,” CBS said. “Moonves will not receive any severance benefits at this time (other than certain fully accrued and vested compensation and benefits); any payments to be made in the future will depend upon the results of the independent investigation and subsequent Board evaluation.” 
  
 The agreement further includes a commitment from NAI to back off proposals to merge CBS and Viacom, which NAI also controls, for at least two years. The push to reunite CBS and NAI was part of the friction that led to the legal battle. 
  
 “In addition, NAI confirmed that it has no plans to propose a merger of CBS and Viacom and has agreed that it will make no such proposal for at least two years after the date of the settlement,” the settlement announcement said. “NAI reaffirmed that it will give good faith consideration to any business combination transaction or other strategic alternative that the independent directors believe are in the best interests of the Company and its stockholders.” 
  
 Board member Gordon emerged as the dealmaker as CBS became engulfed by the Moonves scandal and the litigation. As the Oct. 3 start date of the trial over the lawsuit approached, Gordon is credited with stepping up efforts to bring the sides to consensus and address the growing problem created by the Moonves controversy. 
  
 “We thank Les for his 24 years of service. Among his achievements, he established a strong management team, giving us great confidence as we accelerate our succession plans and provide continuity of leadership,” Gordon said. “This agreement maintains an independent board that is charged with determining the best course for the future of CBS on behalf of all shareholders.” 
  
 The upheaval at CBS during the past few month has left insiders reeling, particularly as the company has been a bastion of management stability during Moonves’ 24-year tenure. Moonves has long been a well-liked and respected figure by the rank-and-file, but the sexual assault allegations have taken a huge toll. There has been simmering anger in some quarters that Moonves did not step down earlier in order to spare the company the turmoil of the investigation and the growing public criticism. 
  
 Women’s advocacy group UltraViolet, which had called on the board of directors fire Moonves back in July, declared the news of the settlement “a victory,” in a statement Sunday night. 
  
 “This is proof that the era where powerful men abused and harassed women without consequence is starting to come to an end, and a testament to the enduring strength and power of the #MeToo movement,” said the statement. 
  
 The group also called on CBS to expand the investigation into the culture of CBS, particularly “60 Minutes” executive producer Jeff Fager, who has also been accused of misconduct. 
  
 Moonves has been with CBS since 1995. He led the network’s turnaround with such hits as “CSI,” “Survivor,” “Everybody Loves Raymond” and “Two and a Half Men.” He advanced up the corporate ranks, ascending to chairman of CBS Television in 2003 and to CEO of CBS Corp., after it separated from Viacom, in 2006. Moonves was lauded for deftly steering CBS through the digital transition. He led CBS to new heights as it expanded its content operations, transformed its revenue base by pushing hard for retransmission consent fees from MVPD, and as it strategically divested non-core divisions such as its outdoor advertising unit and radio stations. 
  
 But Moonves’ legacy has been forever tainted by the revelations of the past few months. This shakeup is hardly the send-off that Moonves, 68, would have hoped for as he prepared to segue out of the CEO role in the coming years. Concerns about succession planning within CBS was another source of concern for Redstone and CBS’ NAI-affiliated board members. 
  
 The new CBS board will have Redstone’s imprint with the transition of nearly half of the directors. There is trepidation within CBS about Redstone’s intention for the company and the fates of the many executives who were closely aligned with Moonves. |||||
Solution:
Les Moonves is departing CBS as sexual harassment allegations continue to pile up—but he won't exactly be leaving empty-handed. The New York Times, citing "sources familiar with the settlement agreement," reports that the longtime chief executive could receive more than $120 million under his agreement with the network, even after around $20 million is deducted from the severance deal and donated to organizations supporting equality in the workplace and the #MeToo movement. The network is also reshaping its board of directors, with six new members, including three women. But even with the new slate of directors and the hefty donation, CBS is likely to face a backlash if Moonves walks away with a massive sum, reports CNN, which notes that a CEO of Moonves' stature could usually expect a "gargantuan" severance package. CBS says the $20 million donation will happen immediately, but Moonves' compensation "will depend upon the result" of the ongoing independent investigation into the sexual harassment allegations against him, reports Variety. Chief operating officer Joe Ianniello has been named interim CEO.