US media giant CBS Corp has extended chief executive Leslie Moonves’ contract for an additional two years — meaning he will now remain in charge until at least 2021. Moonves, who joined CBS in 1995, will be 71 years-old at that time, though no one is ruling out the possibility of further extensions.
Even if Moonves does decide to quit in 2021, his contract includes an attractive exit package, under which he will become a senior advisor to CBS for an additional five years. He also will have an option to form a production company financed by CBS.
In terms of wages, Moonves earns a basic US$3.5 million (€2.8 million) a year.
But in 2016 he also earned a US$32 million cash bonus in recognition of his successful stewardship of the firm. A shrewd operator, Moonves is widely acknowledged as having turned CBS around, transforming it into a market-leading network at a time of great disruption both for the industry and for his firm.
Moonves became president and CEO of CBS Corp. in 2006 when the company was split from Viacom Inc. to become a stand-alone, publicly traded business. In 2016, Moonves was also named as chairman, replacing controlling shareholder Sumner Redstone, who has been in poor health recently.
DTVE: the week in view – Netflix dominated the 2010s but can it continue its stratospheric rise in the new decade?… twitter.com/i/web/status/1…
23 January 2021 @ 19:54:00 UTC
ICYMI: @WarnerMedia taps Alpha Networks for Toonami Max development digitaltveurope.com/2021/01/22/war… https://t.co/R0zWLoMQRe
23 January 2021 @ 19:10:00 UTC
Share your expert views on the future of digital video and how the pandemic has impacted your business… twitter.com/i/web/status/1…
23 January 2021 @ 15:00:00 UTC
Deliver optimized digital experiences for your customers by leveraging the combination of edge cloud and a global p… twitter.com/i/web/status/1…
23 January 2021 @ 13:00:00 UTC
Amazon accused of purposely confusing wantaway @PrimeVideo subscribers #TopStoriesofTheWeek digitaltveurope.com/2021/01/18/ama… https://t.co/DRnugCiUl5
23 January 2021 @ 10:05:00 UTC