Viacom CEO Philippe Dauman's Compensation Rises 19 Percent to $44.33 Million
His compensation for the previous year had come in at $37.17 million.
Viacom CEO Philippe Dauman's compensation for the latest fiscal year amounted to $44.33 million, up 19 percent from the $37.17 million in the previous year, according to a regulatory filing on Friday.
The company, whose fiscal year ends in September, also disclosed the pay of Viacom executive chairman Sumner Redstone who had made nearly $36.2 million in the previous year. He made $13.2 million in 2014, representing a 64 percent pay-cut.
Redstone's big drop in compensation was due to "change in pension value and non-qualified deferred compensation earnings," which in 2013 amounted to $26 million but in 2014 was only $1.25 million.
Dauman recently extended his contract at Viacom through 2018.
In comparison to Dauman's pay, Walt Disney chairman and CEO Bob Iger earned $46.5 million in the latest fiscal year.
Viacom COO Thomas Dooley earned $34.95 million in fiscal 2014, up from $29.1 million a year earlier.
Michael Fricklas, the general counsel and secretary, earned $7.4 million, up from $7.1 million.
Wade Davis, the CFO, earned $4.7 million, up from $4.4 million.