CBS is extending the contract of President and CEO Leslie Moonves for another two years, through June 2019.
The media company said Thursday that Moonves' annual salary will remain at its current level, and he will be eligible for annual performance bonuses and stock-based compensation.
Moonves was paid a salary of $3.5 million in 2013, according to a corporate filing with the Securities and Exchange Commission.
But a bonus and stock awards pushed the value of Moonves' total compensation to $65.6 million that year, according to calculations by The Associated Press and Equilar. That made him the second-highest-paid CEO of 2013.
The new deal still calls for him to be an adviser to CBS for five years when his contract expires, and he will have an option to start a production company under the CBS banner.
Moonves, 65, became president and CEO of CBS Television in 1998. He has been president and CEO of CBS Corp. since the company was split off from Viacom Inc. in 2006.
SMPTE elects board officers, regional governors
SMPTE®,the home of media professionals, technologists, and engineers, has revealed the board officers and regional governors who will serve terms beginning in January 2025.
Three new officers--Richard Welsh as SMPTE president, Eric Gsell as SMPTE executive VP, and Polly Hickling as SMPTE Education VP--have been elected for a two-year term from Jan. 1, 2025, to Dec. 31, 2026. One SMPTE officer, Lisa Hobbs, will be continuing her service as SMPTE secretary and treasurer for another two-year term. Additionally, Raymond Yeung will be stepping into the role of standards VP on Jan. 1, 2025.
“SMPTE’s membership has spoken,” said SMPTE interim executive director Sally-Ann D’Amato. “These officers have been tasked with an important responsibility, one each of them is prepared to tackle head-on. These next two years are looking bright for SMPTE!”
In addition to the officers, 10 regional governors were elected by the Society to serve two-year 2025-2026 terms.
These include the following regional governors, re-elected to continue their service:
Asia-Pacific Region Governor
Tony Ngai, Society of Motion Imaging Ltd.
EMEA - Central & South America Region Governor
Fernando Bittencourt, FB Consultant
United Kingdom Region Governor
Chris Johns, Sky UK.
USA - Central Region Governor
William T. Hayes, Consultant
USA - Eastern Region Governor
Dover Jeanne Mundt, Riedel Communications
USA - Western Region Governor
Jeffrey F. Way, Open Drives
Also elected were four newcomers to the SMPTE Board:
Canada Region Governor
Jonathan Jobin, Grass Valley
USA - Hollywood Region Governor
Allan Schollnick, Voxx... Read More