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CBS Corp. CEO Leslie Moonves' 2011 Compensation Jumps 21 Percent to $69.9 Million
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UPDATED: Executive chairman Sumner Redstone made an unchanged $20.3 million last year, while his CEO overtook Viacom's Philippe Dauman to become the highest-paid Hollywood CEO so far this reporting season.
CBS Corp. said late Friday that president and CEO Leslie Moonves received higher compensation worth $69.9 million last year, driven by option awards.
The total pay package, details of which were disclosed in a regulatory filing, was up 21 percent from the $57.7 million the media mogul had made in 2010 and makes him the highest-paid Hollywood CEO so far this reporting season. In 2010, the highest-paid CEO in the entertainment industry and all of the U.S. was Philippe Dauman of CBS sibling company Viacom with $84.5 million.