Moonves one of the top-paid execs

CBS chief earned $36.8 million in 2007

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.

That 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.

The topper signed a new contract that took effect last October. It will pay him a lower salary and tie his compensation more directly to the perfromance of CBS shares.

The company’s stock has been sagging of late. It declined 21% from its high in July 2007 to the end of 2007, and has dropped 21% more since January.

Moonves earlier this month announced significant cost cuts that hit the TV stations group. The company laid off more than 160 local news anchors, reporters and technicians.

More TV

  • 'Saturday Night Live' China Version Yanked

    Chinese Version of 'Saturday Night Live' Yanked From Youku

    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. That 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 […]

  • Fox Sports World Cup Production BTS

    Global Broadcasters Score Big With Live World Cup Final Ratings

    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. That 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 […]

  • The Bold Type Meghann Fahy

    'The Bold Type' Boss and Star on 'Normalizing Conversations About Gun Control'

    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. That 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 […]

  • Streaming Subscribers Overtake Pay-TV Customers for

    Streaming Subscribers Overtake Pay-TV Customers for First Time in the U.K.

    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. That 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 […]

  • The Fast and the Furious

    TV News Roundup: Paramount Network Sets Paul Walker Documentary Premiere Date

    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. That 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 […]

  • Elena Kampouris Sacred Lies Facebook Watch

    TV Review: 'Sacred Lies' on Facebook Watch

    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. That 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 […]

More From Our Brands

Access exclusive content