Moonves' Pay Rose 8% to $66.9M in 2013

By
( )
published

CBS Corp. president and CEO Leslie Moonves’ compensation rose 8% in 2013 to $66.9 million, the company said in a filing with the SEC.

Moonves’ salary was $3.5 million, unchanged from 2012, but his stock awards jumped to $26.5 million from $11.4 million a year ago, boosting his total compensation.

Sumner Redstone, who controls CBS and is executive chairman and founder, saw his compensation rise 82% to $57.2 million.

Joe Ianniello, who became chief operating officer last June, drew a total compensation of $24.6 million, up from $12.2 million in 2012.

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.