CBS' Les Moonves is showing us you don't have to be a sports star or creator of a social networking site to rank in the big leagues in money making in America. The Hollywood Reporter reported on April 11, 2014,
CBS' Les Moonves salary rose to $66.9 million in 2013. Moonves salary as CEO and president of CBS was up from $62.2 million a year earlier.
CBS stock had a good showing in 2013 too with an increase of 69 percent. Revenue for CBS rose 9 percent to $15.3 billion as net earnings rose 19 percent to $1.9 billion. CBS executive chairman Sumner Redstone has said, "CBS continues to turn in stellar performances year in and year out, and none better than 2013." Redstone is a multibillionaire who earned $57.2 million at CBS in 2013, which was up from $31.3 million.
The $66.9-million compensation package for 2013 of Moonves was released in a Securities and Exchange Commission filing on Friday reports The Los Angeles Times. Actually Moonves received $3.5 million in salary and was also given a $28.5-million bonus. There were further perks in his package with stock awards valued at $26.5 million and $5.8 million in stock options. Moonves was also given personal use of a corporate CBS aircraft along with a security detail and a driver.
With Moonves at the helm of the ship CBS was ranked as the most-watched network last year. Hit shows such as "The Big Bang Theory," "NCIS" and "Elementary" helped drive profits up 19 percent to nearly $2 billion.
The kind of deal Moonves has received for all of this success with CBS is enough to make a lot of young kids throw aside thoughts of becoming doctors and lawyers for reaching for the dream of becoming a TV executive like Moonves. His real life now resembles the kind of story book life of living in extreme wealth that we often drift away in fantasy about while engaged in watching TV shows about the rich and famous.