Filings Watch: $20.6 Million For Viacom Chief Dauman
This story was written by Joseph Weisenthal.
Viacom (NYSE: VIA) was a rarity in 2007: a major media company whose stock rose. It wasn't by much, mind youfrom $41.01 to $43.98but still impressive compared to its peers. For his first year on the job, CEO Philippe Dauman earned about $20.6 million in base salary and various equity grands, as calculated by WSJ. Chairman Sumner Redstone received $13.5 million. Despite the company's relative outperformance, Dauman's haul was pretty much what the company had targeted for him at the beginning of the year. In determining his performance, the company said he, along with Redstone and CFO Thomas Dooley : "improved the Company's operational quality and capabilities, made major achievements in expanding our digital businesses, streamlined our businesses worldwide and improved profitability, achieved record operating results and had enhanced the Company's reputation."
By Joseph Weisenthal