CBS Corporation Announces New Agreement With President And Chief Executive Officer Leslie Moonves That Extends His Employment Through June 2019

December 11, 2014 8:24 PM

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NEW YORK, Dec. 11, 2014 /PRNewswire/ -- CBS Corporation announced today a new agreement with President and Chief Executive Officer Leslie Moonves that supersedes his prior contract, which was to conclude in 2017, and extends his term with CBS Corporation by two years, through June 30, 2019.

Under the terms of the agreement, Moonves' salary remains at its current level. As before, he will continue to be eligible for an annual performance-based bonus and will receive equity-based compensation that further ties the value of the agreement to the performance of the Company's stock. At the e...

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