×
You will be redirected back to your article in seconds

Viacom CEO Bob Bakish Earned $20.3 Million in 2017

Viacom president-CEO Bob Bakish took in $20.3 million in salary, bonus and stock compensation for 2017, according to Viacom’s proxy filing Friday with the Securities and Exchange Commission.

The filing details that Bakish earned $2.77 million in salary and a $7 million bonus last year. He received another $5.8 million in stock awards and $4.7 million in stock options. The contract he signed in December 2016 to become Viacom’s permanent CEO runs through Dec. 31, 2019, according to the filing.

The filing also details the whopping $53.6 million paid in severance to former Viacom COO and CEO Thomas Dooley last year. Dooley served as interim CEO of Viacom from September through November of 2016. For 2017, he earned $426,385 in salary and $53.2 million in “other compensation.” In 2016, Dooley was also given a retention payment of $4.37 million, in addition to $27.9 million in salary, bonus and stock awards, according to the filing.

Viacom’s annual meeting has been set for March 8 at the company’s Times Square headquarters.

Bakish’s compensation package puts him on the low end for CEOs of public media giants. In 2016, Leslie Moonves of CBS Corp., a corporate sibling of Viacom in the Redstone family holdings, raked in $69.9 million. Disney chief Bob Iger earned $43.6 million, Brian Roberts of Comcast took in $28.6 million and Time Warner’s Jeff Bewkes grabbed $32.6 million.

Beyond Bakish, Viacom’s highest-paid corporate execs are chief financial officer Wade Davis ($6.5 million) and Scott Mills ($6.5 million), the former chief administrative officer who last month moved to BET as president of Viacom’s BET Networks.

The filing also disclosed that Ken Lerer, managing partner at Lerer Hippeau and co-founder of Huffington Post, will not stand for re-election. Lerer was among the five board members recruited in 2016 as Viacom controlling shareholders Sumner Redstone and Shari Redstone waged a legal battle with former CEO Philippe Dauman for control of the company and the trust that will control Sumner Redstone’s Viacom and CBS shares after his death.

More Biz

  • ‘Hitsville: The Making of Motown’ Acquired

    ‘Hitsville: The Making of Motown’ Acquired by Showtime for U.S.

    Polygram Entertainment, Universal Music Group’s film and television division, along with Capitol Music Group, Motown Records and Fulwell 73 announced today that “Hitville: The Making of Motown” has been acquired by Showtime for release in North America with plans for a fall premiere, and Altitude for theatrical release in the UK and Ireland. The feature-length [...]

  • Sammy Shore Dead: Comedy Store Co-Founder

    Sammy Shore, Co-Founder of The Comedy Store, Dies at 92

    Sammy Shore, the well-known stand-up comedian who co-founded The Comedy Store in Hollywood, died in Las Vegas, Nev. from natural causes. He was 92. Shore founded The Comedy Store with writing partner Rudy Deluca on April 7, 1972. His ex-wife, Mitzi Shore, took ownership of the club in the divorce settlement, and the venue went [...]

  • Outlander Season 4 Finale

    What CBS' Pursuit of Starz Means for CBS, Lionsgate

    CBS’ effort to buy pay TV service Starz from Lionsgate seems on the surface to be a head scratcher. CBS has told Wall Street for years that it has prospered because it brings only two must-have services to the table in negotiations with MVPDs, allowing the Eye to drive a hard bargain. Why would CBS [...]

  • Dana Brunetti

    Dana Brunetti Sues to Block Season 2 of 'Manhunt'

    Producer Dana Brunetti filed suit on Friday seeking to block the second season of the anthology series “Manhunt,” which is set to dramatize the bombing at the 1996 Atlanta Olympics. Brunetti sued Lionsgate, the production company, as well as Discovery Communications and Charter Communications. Brunetti, the producer of “Fifty Shades of Grey” and many other [...]

  • PledgeMusic Sends Message to Artists, Offers

    PledgeMusic Sends Message to Artists, Offers Data From Platform

    PledgeMusic, the direct-to-fan marketplace that is headed into administration (the British equivalent of bankruptcy), today posted a note to artists and fans, offering the ability for artists to download their data from the platform. A source tells Variety that more information will be coming once an administrator is named — when that happens, at some [...]

  • Spanish actress and member of the

    AIG and AS Talents Announce Agency Tie-Up (EXCLUSIVE)

    David Unger’s talent, management and branding venture, Artist International Group, has partnered with AS Talents in France, which represents leading European performers Jean Reno, Christian Clavier, Elza Zylberstein and Rossy de Palma. Paris-based AS Talents is headed by Alexandra Schamis. The move, announced Friday on the sidelines of the Cannes Film Festival, is the latest [...]

More From Our Brands

Access exclusive content