The top six media chiefs raked in a combined quarter-BILLION in compensation last year
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Variety’s just-released Money issue carries the coverline “MEDIA MOOLAH,” and then, in the story anchoring the package, asks: “Do Media Chiefs Deserve the Lavish Pay Packages They Rake in?”
The obvious answer to that question is: Sorry, it doesn’t matter what you think! As Variety’s Brent Lang and David Lieberman write,
There’s never been a richer time to wear the crown at the media conglomerates that churn out the world’s most popular television shows and movies. CBS’ Les Moonves, Discovery’s David Zaslav and Time Warner’s Jeff Bewkes each took home salary and compensation packages in 2017 that dwarfed those of Silicon Valley pashas such as Apple’s Tim Cook ($12.8 million) or Facebook’s Mark Zuckerberg ($8.9 million), despite the fact that Cook’s and Zuckerberg’s companies boast far greater market share and cultural cachet.
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