Viacom CEO Made 84.5 Million in 2010
Here's one more reason to be miffed at corporate America: Viacom CEO Philippe Dauman made $84.5 million in 2010, including a $50 million raise fueled mostly by big gains in stock options and awards.
That's up from the $34 million he earned in 2009. The 148.5% increase was mostly due to $54 million in one-time stock options and awards. Without those, Dauman's 2010 compensation would have been a paltry $30.2 million, less than the $34 million he earned in 2009. Since they were one-time additions, his salary next year could go back down into the $30+ million range, but still!
Viacom is the corporation that encompasses Paramount Pictures, Dreamworks, MTV Networks, Comedy Central, Nickelodeon, LOGO, BET Spike, TV Land, CMT, VH-1 and various other media enterprises. Looks like Jersey Shore is a little more than profitable -- but it's doubtful the extra revenue the show is pulling in will be shared with Snooki.
Dauman isn't the only one at Viacom with a high eight-figure salary this year. Senior executive vice president and chief operating officer Tom Dooley earned a total of $64.7 million for the year, including about $41 million in one-time stock and option awards.
Even Viacom chairman Sumner Redstone's didn't earn as much as his two top execs. He received a reported total compensation of $15.6 million for 2010, according to the proxy statement, just below the $16.9 million he earned in 2009.