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Sumner Lovin’: Big Paychecks for Moonves and Dauman

Apr 19, 2010  •  Post A Comment

Last year was a good one for CBS Corp. Chief Executive Leslie Moonves and Viacom Chief Executive Philippe Dauman. The Los Angeles Times reports that, according to SEC filings, Moonves was awarded a total compensation package of $43.2 million in 2009, while Dauman received $34 million.

Moonves’ compensation doubled what he received in 2008, when the company’s stock dropped sharply. Last year, Moonves earned $3.5 million in base salary and a $15 million bonus, along with stock valued at $7.6 million and stock options with a present value of $14.3 million.

Moonves also received $2.4 million to reimburse him for part of his New York state and local taxes (the article points out that Moonves lives both in Los Angeles and New York.)

According to the Hollywood Reporter, Dauman’s compensation of $34 million was an increase from his 2008 compensation of $28 million.

Sumner Redstone, who serves as chairman of both CBS and Viacom, received $33 million in compensation between the two companies, the report says.

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