Call it a bonus for losing.

Mandatory Credit: Photo by Rob Latour/REX/Shutterstock (9754078cr)
Leslie Moonves
Allen & Company Sun Valley Conference, USA – 10 Jul 2018

Former CBS CEO Les Moonvespunishment for losing his job after trying to lead a failed effort to pull the corporation away from the Redstone family was to get only $12.5 million in cash and stock compensation last year.

We should all fail so badly.

The year before, Moonves got $69 million in stock and cash compensation.

What a comedown, right?

A regulatory filing said that if he hadn’t forfeited a chunk of his 2018 compensation “pursuant to his separation agreement with the company,” Moonves would have received $47.1 million for his eight months on the job last year.

Stop, the tears are starting to flow like wine.

He still wants the $120 million in severance that company stripped him off after he was forced out last year over sexual misconduct allegations.


That’s the executive spirit we know and love.

More News from Friday, April 19, 2019