Eric Braeden/Victor Newman Pulls Plug On Talks To Remain On “The Young And The Restless”

Entertainment Weekly has an update on Eric Braeden’s fight to keep his job –and his current salary — on television’s most-watched daytime drama. Unfortunately for soap fans, it seems Genoa City has seen the last of ruthless business titan Victor Newman.

Victor Newman Eric Braeden Y&R

On Friday, the Emmy-winning actor revelaed that he’s “pulled the plug” on any further discussions to remain on the The Young And The Restless after contract negoitations with Sony and CBS took an ugly turn earlier this week. On Nov. 2, Braeden is scheduled to be written off the soap he’s called home since 1980 after refusing to yield to a “substantial” paycut, in addition to the voluntary 10% reduction he took two years ago.

Braeden claims he’s tried desperately in recent days to work out a mutual agreement with Y&R producers, but those talks have not been successful.

“We reached an impasse in the negotiations,” Braeden, 68, told EW this afternoon. “I have shown flexibility, they have shown none. It is over. I pulled the plug. That’s it. No more. If I show good will, I expect it to be reciprocated. If there is a rigid attitude on the other side, what is there to to negotiate? That’s a sign of utter disrespect. I will not negotiate with people who remain aloof and arrogant about the whole thing. Not after 30 years, I won’t do that. I’m saying this with a great amount of sadness because I’ve had nothing but respect for my fellow cast members, I have deep respect for the crew who has done an extraordinary job year in and year out, and I have enormous respect for (head writer) Maria Bell.”

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