CBS Corporation announced today that it had reached an agreement with chief executive Leslie Moonves to chop his cash compensation while expanding his equity stake in the company. His compensation will now be just $3.5 million a year; however, he will be eligible for "significant equity compensation" and bonuses tied to the performance of CBS stock. The new agreement also expands his role from the prior 2009 deadline to 2011 now. CBS declined to say why these changes were implemented now, but they come after much shareholder criticism. Some still have concern, however, that the performance bar for bonuses and equity compensation may be too low. However, this is definitely a move in the right direction.