Five Entertainment CEOs in Top 10 on 2010 Pay List
Viacom CEO Philippe Dauman tops a Wall Street Journal list of CEOs with the highest 2010 compensation, with CBS’s Leslie Moonves, DirecTV’s Mike White, Walt Disney’s Robert Iger and Time Warner’s Jeff Bewkes also in the top 10.
NEW YORK – CEOs of media, entertainment and TV giants claimed five of the top 10 spots on a Wall Street Journal list of executives with the highest compensation for 2010.
The median value of salaries, bonuses and long-term incentive awards for the CEOs of 350 major companies rose 11 percent to $9.3 million, according to a study of proxy statements conducted for the Journal by management consultancy Hay Group.
Viacom president and CEO Philippe Dauman tops the list after previously also heading up a New York Times list with a $84.3 million haul, a large chunk of which came from equity awards due to his renewal of his employment contract.
CBS Corp. president and CEO Leslie Moonves ranks third with $53.9 million, DirecTV CEO Mike White is fifth with $32.6 million, Walt Disney Co. president and CEO Robert Iger came in eighth with $27.2 million, and Time Warner chairman and CEO Jeffrey Bewkes is 10th on the Journal list with $26 million.
Comcast chairman and CEO Brian Roberts just missed the top ranks as 12th-highest paid corporate leader with compensation of $25 million. News Corp. chairman and CEO Rupert Murdoch ranks 52nd with total compensation for his latest year worth $16.5 million.
The second-ranked CEO on the list is Oracle's Larry Ellison with $68.6 million.
Overall, CEOs at the biggest U.S. companies saw their pay jump sharply in 2010 as boards rewarded them for profit and stock gains with bigger bonuses and stock grants, the Journal said.