Moonves, Dauman earnings up
Both earned $43.2 mil and $34 mil in 2009, respectivelyNEW YORK -- CBS Corp. president and CEO Leslie Moonves and Viacom president and CEO Philippe Dauman both got higher overall compensation in 2009 than a year earlier.
According to regulatory filings Friday, Moonves earned a total of $43.2 million last year, more than twice the $21.2 million he had earned in 2008.
Dauman made $34 million last year, up from $28 million in 2008.
The increases for executives were driven by higher performance bonuses, with Moonves also benefitting from stock option awards.
Meanwhile, Sumner Redstone, ontrolling shareholder and chairman of both CBS and Viacom, made $33.1 million in compensation from both firms combined ($16.9 million at Viacom and $16.2 million at CBS), up from $29 million in 2008 ($14 million from Viacom and $15 million from CBS).
Both Dauman and Moonves have recently signed long-term contract extensions that keep them in their posts through 2016 and Feb. 2015, respectively.
Viacom renewed Dauman's employment deal mid-week. In a regulatory filing late in the week, it said his annual base salary has risen from $2.5 million to $3.5 million as of 2010. His cash bonus target is up from $9.5 million to $12 million.