Moonves Extends Stay

NEW YORK President and CEO Leslie Moonves is staying with CBS Corp. at least through Sept. 30, 2011 under a new employment agreement signed Tuesday that extends his contract and more closely ties his compensation to the company’s stock performance.

Under the terms of the agreement, Moonves’ salary is $3.5 million per year, versus $5.9

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in