Leslie Moonves, the chief executive of the CBS Corporation, will remain in his position through 2017, according to the terms of a contract extension announced on Monday evening.
His new contract is set to expire in June 2017, superseding the previous deal with Mr. Moonves that was announced in early 2010. At that time his contract was set to expire in 2015.
Sumner Redstone, the CBS executive chairman, said in a statement, “I look forward to all Leslie will continue to do as the genius that he is.â€
Mr. Moonves has led CBS through a decade of enviable prime time ratings and overall profits. This year he received a $3.5 million base salary, a $27.5 million bonus and nearly $40 million in stock awards and other compensation. With the new deal he will continue to receive the same base salary and be eligible for bonuses and awards.
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