CBS Boss Leslie Moonves Gets a Big Pay Hike

Apr 7, 2017  •  Post A Comment

CBS Corp. revealed today how much Leslie Moonves, the company’s chairman and CEO, earned last year, and to no great surprise, it was a lot. Variety reports that Moonves received a 22% increase in his compensation package, earning $69.6 million in 2016.

The figures were disclosed in a proxy filing today with the Securities and Exchange Commission.

“Moonves’ payday was buoyed by a $32 million cash bonus and another $31.9 million in stock awards, reflecting the 35% gain that CBS shares logged in 2016,” Variety reports, noting that Moonves has long been one of the highest-paid CEOs in the U.S.

The report adds: “CBS Corp. cited Moonves’ track record of delivering key financial and strategic results for the company, as well as his role in expanding the CBS All Access and Showtime streaming services and navigating the Eye through the digital MVPD landscape.”

Variety also notes: “Beyond Moonves, the second highest-paid exec at CBS is chief operating officer Joe Ianniello, who took in $29 million in 2016, compared to $26.4 million in 2015.”

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