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.