GO
Loading...

CBS Signs Extension with Chief Exec Moonves

Reuters
Tuesday, 16 Oct 2007 | 5:34 PM ET

CBS Corp. said it has signed a new employment contract with Chief Executive Leslie Moonves that extends his term to 2011.

Moonves will now earn $3.5 million per year, compared with his previous salary of $5.9 million, which included $2.9 million in deferred compensation.

He will also be eligible for a performance-based bonus and receive "significant" equity-based compensation tying the value to the company's performance.

  Price   Change %Change
CBS
---