Mooves, Redstone enjoy bumper pay packets at CBS

|About: CBS Corporation (CBS)|By:, SA News Editor

CBS (CBS) CEO Leslie Moonves received a 7.7% increase in his compensation to $66.9M in 2013, taking his total pay over three years to almost $200M.

Moonves latest package included a basic salary of $3.51M, a bonus of $28.5M, stock awards of $26.5M and options of $5.85M.

Sumner Redstone, CBS's 90-year-old chairman and controlling shareholder, received $57.2M, up 83% from the previous year. Redstone's compensation included a $10M bonus and a $45.4M alteration in the value of his pension. Redstone also earned $36.2M as Chairman of Viacom (VIAB), which he controls as well.

The pay increases at CBS come after 2013 net profit climbed over 19% to $1.88B, and the company's stock price jumped 68%.

This was corrected on 04/13/2014 at 06:50 AM. This item was incorrectly directed to subscribers of Cnooc (CEO). It has been re-sent to clarify that the item is about CBS (CBS).