Viacom has been very good to Philippe Dauman. A company proxy statement filed on Friday with the Securities and Exchange Commission revealed that the CEO amassed $84.5 million in stock, salary and other benefits during Viacom’s fiscal year, which ended on Sept. 30. Included in the giant sum is a one-time stock award – $31.7 million – which is dependent on financial goals over the next five years and was part of his new agreement signed in April. The company’s three top executives – Dauman, chairman Sumner Redstone and COO Thomas Dooley – were paid $165 million in stock and other compensation. Dooley received a total of $64.7 million, while Redstone got $15 million. The amounts received were, according the proxy statement, based on performance; Viacom’s stock price rose 22% during the compensation period.
The amount was certainly a huge raise for Dauman, who received $34 million in 2009 – and it will be interesting to see how all media moguls fare as their compensation is reported for a much-improved (financially-speaking) 2010. In 2009, the top media mogul paydays included Les Moonves ($43 million), Comcast’s Brian Roberts ($25 million), News Corp’s Rupert Murdoch ($18 million), Disney’s Bob Iger ($21 million) and Time Warner’s Jeff Bewkes ($19.4 million)


Sic perverted freaks
barf
And they laid people off!!
So glad he was rewarded for that “Genius” move of buying Harmonix.
As a manager within Viacom’s companies, I had to fight hard to get even a 4% annual increase for direct reports who made on average $50,000. These employees give a lot of creativity, personal time, and hard work goes to do the jobs that keep the engines running, yet many have been laid off in spite of their lower wages.
In short, if you want a jobs program, how about spreading the wealth?
I didn’t get a pay increase in 2009, 2010 I got a crappy 2%, in between that I saw co workers get laid off, and others, including myself, afraid daily that we may be next. Viacom didn’t give us a holiday party, no employee gift. Oh I guess I should be grateful for the job instead of whining. To Philippe, don’t spend it all in one place.