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CBS Overpaid Leslie Moonves $28 Million in Study of Executive Compensation

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OH WELL, THEY'LL MAKE IT UP ON THE BACKEND
In a study for Bloomberg News, Graef Crystal, a former adviser to Coca-Cola Co. and American Express, examined the compensation of 271 chief executive officers and found the average slipped 4.7 percent last year to $9.95 million, with extremes ranging from $43.2 million for CBS Corp.’s Leslie Moonves to $245,322 for Google Inc.’s Eric Schmidt. “The return explained none of the variations,” said Crystal, 76, in a telephone interview from his home in Las Vegas. “Simply put, companies don’t pay for performance.”If CEOs were paid according to shareholder return, Moonves would take a $28 million pay cut under a model that Crystal developed. Schmidt would get more than a $17 million raise."
SOURCE:   Bloomberg

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