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CBS extends CEO Leslie Moonves' contract to 2019
CBS extends CEO Leslie Moonves' contract to 2019

Leslie Moonves, chief executive of CBS Corp., plans to stay in the job at least through June 2019. CBS' corporate board on Thursday said that it has extended Moonves' employment agreement for two more years. His stewardship had been scheduled to end in June 2017. This was the second two-year extension the board has approved for Moonves, 65, who is well regarded in Hollywood and on Wall Street. The move is designed to keep Moonves at the helm as the company navigates titanic shifts in audience behavior that have been roiling the television industry. Moonves' salary is scheduled to remain at its current level, according to the agreement. He will continue to receive an...

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