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    CBS extends CEO Moonves’ contract another 2 years

    By SHOOTUpdated:No Comments601 Views
    In this July 29, 2013 file photo, Les Moonves arrives at the CBS, CW and Showtime TCA party at The Beverly Hilton in Beverly Hills, Calif. (Photo by Jordan Strauss/Invision/AP, File)
    NEW YORK (AP) --

    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.

    Tags:CBSLeslie Moonves



    Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died

    Saturday, December 21, 2024
    Suchir Balaji poses for a photo in Hawaii in 2018. Balaji was a former OpenAI engineer and whistleblower who died in November 2024. (Balaji Ramamurthy via AP)

    Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT and later said he believed those practices violated copyright law, has died, according to his parents and San Francisco officials. He was 26.

    Balaji worked at OpenAI for nearly four years before quitting in August. He was well-regarded by colleagues at the San Francisco company, where a co-founder this week called him one of OpenAI's strongest contributors who was essential to developing some of its products.

    "We are devastated to learn of this incredibly sad news and our hearts go out to Suchir's loved ones during this difficult time," said a statement from OpenAI.

    Balaji was found dead in his San Francisco apartment on Nov. 26 in what police said "appeared to be a suicide. No evidence of foul play was found during the initial investigation." The city's chief medical examiner's office confirmed the manner of death to be suicide.

    His parents Poornima Ramarao and Balaji Ramamurthy said they are still seeking answers, describing their son as a "happy, smart and brave young man" who loved to hike and recently returned from a trip with friends.

    Balaji grew up in the San Francisco Bay Area and first arrived at the fledgling AI research lab for a 2018 summer internship while studying computer science at the University of California, Berkeley. He returned a few years later to work at OpenAI, where one of his first projects, called WebGPT, helped pave the way for ChatGPT.

    "Suchir's contributions to this project were essential, and it wouldn't have succeeded without him," said OpenAI co-founder John Schulman in a social media post memorializing Balaji. Schulman, who recruited Balaji to his team, said what... Read More

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