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CBS' head Moonves made more money in 2011

April 14, 2012 at 10:39 AM   |   Comments

HOLLYWOOD, April 14 (UPI) -- Rising stock prices pushed the value of CBS chief Leslie Moonves' compensation package up by 21 percent last year, documents filed with the government show.

Moonves pocketed compensation worth $69.9 million in 2011, which The Hollywood Reporter said made him the highest-paid Hollywood executive thus far this reporting season.

Paperwork filed by CBS shows Moonves' base salary of $3.5 million and $27.5 million bonus were unchanged from last year. What went up were his pension, his $8.5 million in stock awards and his stock options, which surged from $14.9 million to $27.3 million thanks to a 40-percent increase in CBS stock.

The Reporter said the jump helped push Moonves past last year's top-paid executive, Viacom's Philippe Dauman, whose 2011 compensation was off due to special year-ago awards.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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