Moonves 2012 Pay as CBS CEO Down From 2011 to $62.2M

By Jon Lafayette
( Broadcasting & Cable )
published

CBS CEO Les Moonves' total compensation dropped to $62.2
million in 2012. Though that's down from $69.9 million in 2011, he remains one
of the highest paid executives in the media business.

Moonves' base salary rose slightly to $3.513 million, but
his option awards rose to $27.3 million from $16.3 million.

Compensation
for Sumner Redstone, the executive chairman of CBS and controlling shareholder,
rose to $31.3 million from $20.2 million in 2011. The value of Redstone's
pension and non-qualified deferred compensation rose to $13.9 million from
$18,428 in 2011.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.