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Joe Ianniello, named acting CEO of CBS Corp. last year after Leslie Moonves was forced out, was given total compensation of $27.4 million for 2018, according to a filing with the Securities and Exchange Commission. The previous year Ianniello received $22.1 million when he served as the company’s ...

Former CEO Moonves forfeited $34M

Joe Ianniello, named acting CEO of CBS Corp. last year after Leslie Moonves was forced out, was given total compensation of $27.4 million for 2018, according to a filing with the Securities and Exchange Commission.

Joe Ianniello

The previous year Ianniello received $22.1 million when he served as the company’s president and COO.

Ianiello's salary was unchanged at $2.5 million but his stock awards went up to $7.3 million from  $4.2 million.

Moonves was scheduled to received $47 million for his time as CEO of CBS in 2018, but forfeited $34 million has part of his severance agreement. He received no bonus.

Moonves left amid accusations of sexual harassment and assault and he was under pressure for trying to dilute the stake of the Redstone family, which controls CBS.

The company is conducting a search for a permanent CEO to lead it.


Read full article on Broadcasting & Cable



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The West Virginia Broadcasters Association has been representing and serving West Virginia commercial radio and television stations since 1946. We are a member-driven trade association that provides unequaled service and value to stations throughout the state. 

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