Saturday, April 8, 2017

Moonves Banks Almost $70M In Compensation

(Reuters photo)
CBS chairman and CEO Leslie Moonves made a cool $69.6 million last year, up almost 23 percent from 2016.

In 2015, the boss hauled in $56.8 million. While his salary remained steady at $3.5 million annually, Moonves nabbed an extra $13 million in bonuses across 2016.

This time around, reports The Wrap,  his stock awards grew by almost $6.5 million, year over year. That said, those were offset by a complete lack of options — that category accounted for $7.2 million in 2015.

Moonves’ total take was more than $20 million above the combined compensation of the next four highest-paid senior executives at CBS. Plus, his trajectory was much better than the last time around.

Moonves earned his money in 2016 because he made dough for shareholders as well: CBS stock closed 2015 at $47.13; it finished the following year at $63.62.

The information was disclosed in a regulatory filing Friday.

Meanwhile, Chief Operating Officer Joseph Ianniello’s pay rose to $29 million, including a $12.5 million bonus, and senior executive vice president Lawrence Tu was paid nearly $8.6 million, including a $3.8 million bonus.

No comments:

Post a Comment