CBS CEO Leslie Moonves got compensation valued at $65.6 million in 2013, up 8% from 2012, CBS says in a Friday proxy filing. That included a $28.5 million bonus, stock valued at $26.5 million, stock options worth $1.3 million and $1.2 million in perks, including personal use of corporate aircraft and security services.
Moonves was awarded another $3.5 million this year as part of his 2013 bonus that wasn't included in last year's compensation summary. He gained another $47.3 million exercising previously awarded stock options and from vested shares.
CBS says Moonves and other execs exceeded financial and operational performance goals and cited Moonves for creating significant shareholder value. About $14.5 million of his compensation was tied to an extended employment contract.
CBS had nine of the top 20 regularly scheduled programs in 2013 and closed the TV viewing season as the top ranked network in viewers and households for the tenth time in 11 years. The company also operates 30 local TV stations, cable TV's Showtime and Smithsonian channels, CBS Radio and publisher Simon & Schuster.
Moonves, 64, has been CEO since 2006. He's the latest entertainment industry exec to post impressive 2013 pay packages and compensation.
Walt Disney valued CEO Robert Iger's compensation at $34.3 million. He gained another $72.4 million from vested shares and exercising previously awarded stock options.
Discovery Communications CEO David Zaslav received compensation valued at $33.3 million, gained $58.7 million exercising previously awarded stock options, plus $26.6 million from vested shares.
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