Yowzers! Meet the Media Company CEO Who Received $84.5 Million in Compensation Last Year

Jan 24, 2011  •  Post A Comment

Can you guess which media company executive pulled down close to $85 million in compensation last year?

It’s Viacom CEO Philippe Dauman, who received $84.5 million, way more than double the amount he received as compensation in 2009, which was $34 million, Reuters reporrts

His 2010 compensation included a one-time stock and option award worth $54.2 million, part of a new five-year agreement he signed in April, the story notes, citing a proxy statement filed on Friday.

Chairman Sumner Redstone’s total compensation for 2010 was $15 million, the story notes, while Viacom Chief Operating Officer Thomas Dooley received a total package worth $64.6 million, including a one-time stock and option award valued at $40.8 million.

In 2009, Dooley’s package was worth $27 million, the article said.

The article adds, "Shares of Viacom, which owns cable networks like MTV and movie studio Paramount Pictures, gained almost 23 percent during its 2010 fiscal year."

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