Chief executive Leslie Moonves renewed his contract with the company and will remain head honcho until February, 2015, according to the Los Angeles Times. Although this new deal doesn’t include a raise, Moonves is still eligible for bonuses, such as the $9.5 million bump he received in 2008. Incentives are present to keep Moonves on good terms with the company, a CBS representatives told the paper.
Read the full story at the Los Angeles Times.
Pictured: CBS President Leslie Moonves (Photo courtesy of Getty Images).
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