Bonuses up for top Viacom execs

Dauman's overall pay falls from 2010

Viacom CEO Philippe Dauman’s fiscal 2011 compensation totaled $43 million including a $3.5 million base salary and hefty $20 million cash bonus — up from $11 million the year before, according to a filing with the Securities and Exchange Commission late Friday. The balance was paid in stock and stock options.

His overall pay fell from $84 million in 2010, when Dauman was the highest paid CEO in corporate America.

Chief operating officer Thomas Dooley earned $34 million: his base salary of $2.5 million plus a $16 million bonus that was nearly double the year-earlier figure.

And the company’s billionaire controlling shareholder, Sumner Redstone, received $21 million in compensation with a $1.75 million base salary and a $10 million bonus, also nearly double the 2010 bonus.

Viacom said in the filing that “the goal of our compensation programs is to make sure that we have the talented executives and employees we need to achieve our strategic plans and deliver financial returns to stockholders over the short term and long term. To do that, we need to attract and retain great managers and employees and compensate them in a way that encourages and rewards their performance.”

Viacom’s fiscal year ends Sept. 30. The company said it will hold its annual shareholders’ meeting at its New York City headquarters on March 8.

More News

  • Over 30 TV Projects, 40 Speakers

    Göteborg TV Drama Vision Unveils Program

    Viacom CEO Philippe Dauman’s fiscal 2011 compensation totaled $43 million including a $3.5 million base salary and hefty $20 million cash bonus — up from $11 million the year before, according to a filing with the Securities and Exchange Commission late Friday. The balance was paid in stock and stock options. His overall pay fell […]

  • 'Our Time Will Come' Wins Hong

    'Our Time Will Come' Wins Hong Kong Critics Prize

    Viacom CEO Philippe Dauman’s fiscal 2011 compensation totaled $43 million including a $3.5 million base salary and hefty $20 million cash bonus — up from $11 million the year before, according to a filing with the Securities and Exchange Commission late Friday. The balance was paid in stock and stock options. His overall pay fell […]

  • Star Wars

    Japan Box Office: ‘Star Wars’ Wins Fifth Weekend

    Viacom CEO Philippe Dauman’s fiscal 2011 compensation totaled $43 million including a $3.5 million base salary and hefty $20 million cash bonus — up from $11 million the year before, according to a filing with the Securities and Exchange Commission late Friday. The balance was paid in stock and stock options. His overall pay fell […]

  • Florian Munteanu to Play Ivan Drago's

    Florian Munteanu to Play Ivan Drago's Son in 'Creed 2'

    Viacom CEO Philippe Dauman’s fiscal 2011 compensation totaled $43 million including a $3.5 million base salary and hefty $20 million cash bonus — up from $11 million the year before, according to a filing with the Securities and Exchange Commission late Friday. The balance was paid in stock and stock options. His overall pay fell […]

  • 'The Bachelor' Recap: Women Wrestle For

    'The Bachelor' Recap: Women Wrestle For Arie Luyendyk Jr.'s Affection

    Viacom CEO Philippe Dauman’s fiscal 2011 compensation totaled $43 million including a $3.5 million base salary and hefty $20 million cash bonus — up from $11 million the year before, according to a filing with the Securities and Exchange Commission late Friday. The balance was paid in stock and stock options. His overall pay fell […]

  • The cast and crew of "black-ish"

    NAACP Image Awards: The Complete Winners List

    Viacom CEO Philippe Dauman’s fiscal 2011 compensation totaled $43 million including a $3.5 million base salary and hefty $20 million cash bonus — up from $11 million the year before, according to a filing with the Securities and Exchange Commission late Friday. The balance was paid in stock and stock options. His overall pay fell […]

More From Our Brands

Access exclusive content