CBS CEO Moonves negotiating exit with board

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Multiple unnamed sources told HuffPost that Moonves considered Jackson "not sufficiently repentant" for the incident, in which Justin Timberlake ripped away a piece of Jackson's leather outfit during the halftime show and left her breast exposed for "9/16 of a second" on live TV.

If an agreement is reached, Joe Ianniello, CBS chief operating officer, would take over as interim CEO until the company names a successor to Moonves, according to the Wall Street Journal.

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Though Timberlake and Jackson both said at the time that the incident was a true malfunction, Moonves banned both artists from appearing on the 2004 Grammy Awards broadcast by CBS.

Les Moonves, the CEO and chairman of CBS, is said to blame Janet Jackson for the whole incident, despite Justin Timberlake's involvement.

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Now, a new report from The Huffington Post claims he was obsessed with destroying the career of Ms. Janet following the 2004 Super Bowl, which aired on CBS and resulted in a $550,000 Federal Communications Commission fine. Timberlake, however, was able to perform after he allegedly offered a tearful apology for the incident, according to various sources HuffPost spoke with who were familiar with the matter. Moonves reportedly said, according to a source from the story. Jackson, on the other hand, was apparently not as remorseful as Timberlake, which stirred Moonves' animosity towards her. A source recalls that Moonves asked at the time, "How the fuck did she slip through?" Fans of Jackson who think Timberlake still owes Jackson an apology called for a #JanetJacksonAppreciationDay on Twitter to protest his performance and celebrate her musical career.

As for Moonves, he is now under investigation for alleged sexual misconduct by lawyers hired by the CBS Board of Directors. Even in 2011, Moonves was still in his feelings and reportedly threw a fit after hearing that Janet signed a book deal with Simon & Schuster, who are owned by the CBS Corporation. Six women accused Moonves of sexual advances such as unwanted kissing and touching, the New Yorker reported in August.

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