He transformed the television network from a laggard to a leader and during the last decade has steered the company through much upheaval in the television industry.He will be 71 in 2021 when the latest extension expires.More significantly though, “but first” is essentially what Chen heard at every turn as she embarked on a career in television news.
Last year, Moonves received a compensation package valued at nearly $70 million.
His 2016 compensation was boosted by a $32-million cash bonus, up 68% from his bonus the previous year.
The newly revised agreement keeps in place a provision to allow Moonves, after he steps down as CEO, to become a senior advisor to CBS for an additional five years.
He also will have an option to form a production company financed by CBS.
But for a very long time, Chen was unsure if there truly was a place for her on television — no matter how hard she tried to carve one out for herself. The first step was applying to colleges “far away from home …
so I could grow into my own person,” she said, smoothing a stray hair that escaped her off-air ponytail.
That constant barrage of caveats would be enough to deter most people from continuing to reach for their dream job in their dream profession. And back then, any time you saw any Asian face — I'm Chinese, but it didn't matter if the person was Korean or Japanese or whatever — it was a very big deal. “My father started shouting, [Chen shouts in Chinese]. ’”“My mom was like, You know, you could do that, and I was like, I can? “It was like she planted that seed and I watered it myself.
But for Chen, every single “but first” fueled her relentless drive to become the multihyphenate of the highest order that she is today: The host of CBS’s long-running Big Brother, the co-host of CBS’s The Talk, mother to 5-year-old Charlie, wife to CBS President and CEO Leslie Moonves, and object of infatuation for the millions of viewers who tweet about her perfectly coiffed hair, impeccably styled ensembles, lavish lifestyle, and all the other ineffable elements that have turned her into one of the most beguiling and beloved figures in television today. From that point forward, I just didn't know any other path.” After Chen graduated from high school, she set out to become a television reporter.
, had been using her the position of her husband, CBS CEO Les Moonves, as a threat.