Moonves Pockets $43.2 Million As CBS CEO/Pres.
April 19, 2010 at 4:39 AM (PT)
In FEBRUARY (NET NEWS 2/24) CBS CORP. CEO/Pres. LES MOONVES reached a deal to renew his contract through 2015. The contract provides for a salary of $3.5 million per year, plus bonuses.
THE LOS ANGELES TIMES added up the numbers, and reports "MOONVES, was awarded a total compensation package of $43.2 million for 2009, according to the company's regulatory filings FRIDAY. The amount includes $3.5 million in base salary plus a $15-million bonus. The 60-year-old chief executive also received stock worth $7.6 million and stock options presently worth about $14.3 million."
"More than 85% of Mr. MOONVES' compensation is keyed to performance-based measures, ensuring that its actual value will continue to be closely aligned with that of the company's shareholders," the company said in a statement.