Leslie Moonves Takes a Pay Cut

Apr 15, 2016  •  Post A Comment

CBS Corp. Chairman and CEO Leslie Moonves took a cut in pay in 2015, with Variety reporting that his total pay package dipped to $56.8 million, down just a bit from $57.2 million in 2014.

His 2014 package included a $25 million bonus and $25 million in stock awards and options, the report notes.

“However, CBS noted that Moonves has received another $6 million in stock grants earlier this year as part of his 2015 bonus that will be reflected in his 2016 compensation tally,” Variety reports. “This year’s compensation package includes $3 million in stock grants that he received in early 2015 as part of his 2014 bonus.”

Moonves, who recently extended his contract with CBS through June 2019, stepped in as chairman in February of this year when 92-year-old Sumner Redstone vacated the post and shifted his role to chairman emeritus of CBS and Viacom.

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One Comment

  1. Bernie Sanders will be proud.

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