Friday, January 27, 2012

Viacom Boss financials released

Viacom Boss Philippe Dauman's fiscal 2011 compensation totaled $43 million plus a $3.5 million base salary and hefty $20 million cash bonus Up from $11 million the last year, with different filing while using Opportunities and Exchange Commission late Friday. The quantity was paid out available and investment.His overall pay fell from $84 million this season when Dauman was the finest paid out Boss in corporate America.Chief operating officer Thomas Dooley acquired $34 million, his base salary of $2.5 million together with a $16 million bonus that was nearly double year earlier figure.As well as the company's billionaire controlling investor Sumner Redstone received $21 million in compensation getting a $1.75 million base salary together with a $millions of bonus, also nearly the double 2010 bonus.Viacom mentioned inside the filing that "The goal in our compensation programs could be to ensure that people hold the gifted professionals and employees we must achieve our proper plans and deliver financial returns to stockholders over temporary and lengthy-term. To accomplish this, we must attract and retain great managers and employees, and compensate them with techniques that encourages and rewards their performance."Viacom's fiscal year finishes Sept. 30. The business mentioned it'll hold its annual shareholders' meeting at its NY City headquarters on March 8. Contact the number newsroom at news@variety.com

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