1. CBS Chief Will Get $100 Million Severance and Still Keep his Job

    CBS Chief Will Get $100 Million Severance and Still Keep his Job

    CBS acting Chief Executive Officer Joe Ianniello is in line for a hefty haul when Viacom completes its proposed merger with the broadcast network. While he won't get to lead the combined entity, he'll collect $100 million severance and remain chief of CBS with a new contract entitling him to tens of millions of dollars more. The arrangement illustrates the extent of CBS's effort to persuade Ianniello, a 22-year company veteran, to support the tie-up without having a shot at the top job...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. CBS and Viacom, given the majority ownership of the Redstones, have always been on the high side -- what they want is what happens there.
    2. Media companies continue to pay out very high numbers.
  3. Topics Mentioned