Friday, January 27, 2012
Viacom Boss financials launched
Viacom Boss Philippe Dauman's fiscal 2011 compensation totaled $43 million together with a $3.5 million base salary and hefty $20 million cash bonus Up from $11 million the prior year, based on a filing using the Investments and Exchange Commission late Friday. The total amount was compensated available and investment.His overall pay fell from $84 million this year when Dauman was the greatest compensated Boss in corporate America.Chief operating officer Thomas Dooley gained $34 million, his base salary of $2.5 million along with a $16 million bonus which was nearly double the amount year earlier figure.And also the company's billionaire controlling investor Sumner Redstone received $21 million in compensation having a $1.75 million base salary along with a $ten million bonus, also nearly the double 2010 bonus.Viacom stated within the filing that "The aim of our compensation programs would be to make certain that people possess the gifted professionals and employees we have to achieve our proper plans and deliver financial returns to stockholders over short term and long-term. To achieve that, we have to attract and retain great managers and employees, and compensate them in ways that encourages and rewards their performance."Viacom's fiscal year finishes Sept. 30. The organization stated it'll hold its annual shareholders' meeting at its NY City headquarters on March 8. Contact the range newsroom at news@variety.com
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