Getting Too Big for His Own Taxes?, by Patrick McGeehan:

Leona Helmsley may be dead but her oft-quoted sentiment that “only the little people pay taxes” lives on at CBS. In an amendment to his contract as C.E.O. of CBS, Leslie Moonves obtained the company’s promise to pay any state or local taxes he might incur in New York. The amendment states that Mr. Moonves, who lives in Southern California, cannot claim that having to work now and then in Manhattan is a “good reason” for quitting his job. But, it says, if New York authorities try to tax him for earning income in their territory, CBS will pick up the bill. In a statement, CBS said, “To avoid this double taxation, we have made this amendment to his employment agreement to reimburse him for the net incremental taxes as reviewed and validated by the compensation committee of the board.”