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Was CBS Corp.’s Les Moonves Overpaid?

MoonvesChen_5.6.jpgIn a study for Bloomberg News, pay expert Graef Crystal looked at the compensation of 271 CEOs and found the average slipped 4.7% 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.

Using formulas developed over 30 years in the business, Crystal crunched the numbers and found CBS overpaid Moonves, who is married to CBS Early Show co-anchor Julie Chen, by $28 million.

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