Among those firms that have released details on 2011 executive compensation, one company’s CEO ranks as the highest-paid chief of a media company, reports TheWrap.com. The executive is CBS Chief Executive Leslie Moonves.
Moonves raked in $69.9 million in compensation last year, a boost of 21% from the $57.7 million he received in 2010, which was a 34% increase from the previous year, the story notes.
The 2011 raise comes as CBS stock jumped more than 40% last year. "In fact, the company is the second best performing stock in the entire S&P 500 since March of 2009, up 11-fold in that time frame," the company said in a statement.
Moonves earned a base salary of $3.5 million and a bonus of $27.5 million in 2011, as well as $8.5 million in stock awards and $27.3 million in option awards.
CBS Executive Chairman Sumner Redstone received $20.3 million in 2011 compensation, about the same as he earned in 2010, the story says. Redstone’s compensation included a $1.75 million salary, a $10 million bonus, $5.5 million in stock awards and $3 million in option awards.
Moonves was the second-highest-paid media executive in 2010, trailing Viacom Chief Executive Philippe Dauman, who received $84.5 million in compensation. For 2011, Dauman received $43.1 million in compensation, the story notes.