So while CBS undergoes layoffs of its news staff, rumors of an exit for its high-priced Evening News anchor and prime time ratings drops…the big boss gets a raise.
Variety reports on a major large pay package increase in 2007 for CBS CEO Les Moonves:
CBS chief Les Moonves is one of the top-paid execs in media, according to an SEC proxy filing that revealed a total pay package of $36.8 million in 2007.
AdvertisementThat was up 29% from the prior year and nearly quadruple the take of CBS chairman Sumner Redstone, who received $9.7 million.
Moonves’ tally included a salary of $5.3 million, a bonus of $18.5 million and the rest in stock options accumulated over several years.
What do you think? You know, because, now you can tell us.