Moonves’ Pay Declines 69%

Apr 29, 2009  •  Post A Comment

CBS CEO Leslie Moonves’ pay dropped in 2008 drop by 69% to $20.8 million, the Associated Press reports, citing a securities filing. Moonves’ salary was $3.5 million, down from $5.3 million in 2007, while his cash bonus was almost halved to $9.5 million from $18.5 million a year earlier, the wire service reports. In addition, the value of restricted stock units declined to about $4.3 million at the end of December, from a value of $7.6 million when they were awarded in October, the AP says.
—Aimee Picchi

One Comment

  1. Apple now has Rhapsody as an app, which is a great start, but it is currently hampered by the inability to store locally on your iPod, and has a dismal 64kbps bit rate. If this changes, then it will somewhat negate this advantage for the Zune, but the 10 songs per month will still be a big plus in Zune Pass’ favor.

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