Moonves’s Cash Pay Seen as 19 Times Going Rate, Crystal Says
This article is for subscribers only.
CBS Corp. paid Chief Executive Officer Leslie Moonves $32 million in cash last year, 19 times higher than what compensation expert Graef Crystal says a CEO running that size company should receive, according to a study he conducted.
Moonves’s cash bonus last year included $20 million for “the successes in his role as president and chief executive officer” and $8.5 million tied to his “leadership in connection with the creation of premium content,” New York-based CBS said in its proxy statement this year. He also received a salary of $3.51 million. Moonves’s cash pay was the most out of 317 chiefs listed in Crystal’s study.