Big Media Chief Pay Packages Stay in the Stratosphere

Los Angeles Times: CBS CEO Les Moonves last year received a pay package valued at $57 million, according to a company proxy filed with the Securities & Exchange Commission. The lucrative compensation packages come at an increasingly troubled time in the media industry. “Investors in media companies really don’t have a voice like they do in other companies. That’s why you see all of these high salaries. The whole thing is a toxic cocktail for investors.”