• Is Les Moonves Being Adequately Compensated For Losing $11.7 Billion?

    In your ever-gray Wednesday media column: Les Moonves can barely afford a dozen new million-dollar condos, The Daily Beast folds on freelance contracts, layoffs at MTV and TruTV, and the New York Times Co. is sick of your rumormongering.

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    Send an email to Hamilton Nolan, the author of this post, at Hamilton@gawker.com.

    By Hamilton Nolan
    Jun 24, 2009 2:02 PM 3,687
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    Is Les Moonves Being Adequately Compensated For Losing $11.7 Billion?

    Humble patron of the arts Les Moonves, the CEO of CBS, got a 76% pay cut this year, all the way down to $13.6 million, which is even a larger percentage drop than the company's stock price took (two thirds). Two thousand other CBS employees got 100% pay cuts.

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