Tags: Viacom | CEO | Jump | Base | Salary

Viacom: CEO Gets 40 Percent Jump in Base Salary

Monday, 19 Apr 2010 02:52 PM

 

Viacom Inc. Chief Executive Officer Philippe Dauman received a 40 percent hike in his annual base salary to $3.5 million, effective January 1, 2010, a regulatory filing showed.

Dauman, who became CEO of the media conglomerate in September 2006, earned a total compensation of about $34 million in 2009, according to a proxy statement filed with the U.S. Securities and Exchange Commission late on Friday.

This included a base salary of $2.5 million and other incentives such as stock awards, option awards, non-equity incentive plan compensation and others.

Dauman's target annual cash bonus for 2010 has been increased to $12 million from $9.5 million. The bonus is subject to certain performance goals established by the company.

In addition, he will continue to receive life insurance coverage in the amount of $5 million, the filing said.

In February, Viacom posted a 3 percent decline in fourth-quarter revenue to $4.1 billion, while the net income rose to $694 million.

Dauman did not receive any raise in his base salary in 2009 compared to 2008. However, the CEO was offered a near 60 percent raise in a non-equity incentive plan.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Weather Service Chief Admits Errant Snowfall Predictions

Tuesday, 27 Jan 2015 22:52 PM

The director of the National Weather Service said Tuesday that the agency did not effectively communicate the uncertaint . . .

Workers Struggle With Sick Colleagues During Flu Season

Tuesday, 27 Jan 2015 22:49 PM

With flu season in full swing, office workers across the United States are dealing with sick co-workers on a daily basis . . .

Report: Romneys Might Sell Oceanfront 'Car Elevator' Home

Tuesday, 27 Jan 2015 22:39 PM

Mitt Romney's home in La Jolla, California , the one with a car elevator in the garage , might soon be on the market. < . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved