Media Industry
Industry: Email Alert RSS FeedMoonves top earner at CBS.(Brief Article)
Broadcasting & Cable, March, 1998 by Stroud, Michael
CBS Corp. programming chief Leslie Moonves and station group head Mel Karmazin made more money last year than chairman/CEO Michael Jordan.
Jordan was paid about $3 million in salary and bonus last year, according to documents filed with the Securities and Exchange Commission. By comparison, Moonves was paid $4.1 million in salary and bonus and Karmazin received about $3.9 million.
Moonves, promoted last year to the presidency of CBS Television, also has stock options valued at as much as $9.8 million, while Karmazin has stock options worth about $4.3 million. Karmazin, who joined the company after the 1997 purchase of Infinity Broadcasting Corp. as head of radio operations, now oversees television stations as well. Jordan engineered the split of CBS...
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