(Bloomberg) -- CBS Corp. handed acting Chief Executive Officer Joseph Ianniello a $5 million one-time payment and boosted his regular compensation as he agreed to remain in the post through the end of the year.
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Ianniello will receive $3 million in salary and have a $15 million target bonus this year, according to a regulatory filing Friday. CBS said Tuesday it suspended its search for a new CEO, a move seen by some as buying time for the company to decide if it wants to merge with Viacom Inc.
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Ianniello, formerly chief operating officer, was promoted to the role in September 2018 after the ouster of longtime boss Les Moonves, who was accused of sexual misconduct.
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