Former CBS Chief Les Moonves Forfeits Majority of 2018 Earnings
The exec, ousted over allegations of sexual misconduct, earned more than $69 million in both 2017 and 2016.
Leslie Moonves, the former CEO of CBS, earned $47.1 million in 2018 but also forfeited $34.5 million in stock awards, bringing his compensation to just $12.6 million for the year, according to a regulatory filing Friday.
Moonves, ousted over allegations of sexual misconduct, earned more than $69 million in both 2017 and 2016.
Still unsettled is a $120 million payment that Moonves is expecting but CBS is refusing to pay because of the circumstances that led to his dismissal. That matter is in arbitration.
Acting CEO Joseph Ianniello was paid $27.4 million in 2018, up from $22.1 million in 2017 when he was COO.
CBS grew adjusted net earnings from continuing operations 3 percent last year while adjusted earnings per share rose 7 percent, but its stock dropped 7 percent in 2018.
Christina Spade earned $2 million in her first year as CFO, and chief legal counsel Lawrence Tu was paid $8.9 million in 2018, up from $8.1 million.
Jonathan Anschell, the general counsel of CBS Broadcasting and deputy general counsel and secretary of CBS, was paid $2.6 million, while Richard Jones, the chief veteran officer and general tax counsel, made $2.1 million.
Anthony Ambrosio and Gil Schwartz, both of whom exited the company, were compensated with $6 million and $5.4 million, respectively.