Viacom CEO's Compensation Jumped 11 Percent in 2013

Sunday, 26 Jan 2014 11:33 AM

 

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Philippe Dauman rang out 2013 on a high note.

The Viacom chief executive officer got an 11 percent hike to his total compensation package last year, earning $37.2 million in salary, stock and other incentives, according to SEC filings.

Those lofty numbers couldn't match the $43.1 million in total compensation Dauman enjoyed in 2011, nor could it achieve the staggering $84.5 million compensation package he received in 2010.

But it was a strong year for Viacom, which saw its Nickelodeon network battle back in the ratings and rolled out film hits such as "Star Trek Into Darkness." The company's stock hit a record high in December and its share price more than doubled during the calendar year.

Dauman's compensation is largely in the form of stock awards and options, with $3.5 million of it coming in salary.

In addition to Dauman, Viacom Chairman Sumner Redstone's compensation package jumped 77 percent to $36.2 million, while Chief Operating Officer Thomas Dooley's compensation rose 10 percent to $29 million.

A large part of Redstone's raise, nearly $26 million of it, came in changes to his pension, company filings reveal.

© 2014 Thomson/Reuters. All rights reserved.

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