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Viacom Increases CEO Philippe Dauman's Compensation Package

1/26/15 3:54 PM EST
Viacom CEO Philippe Dauman's pay climbed 19% to $44.3 million last year while the company's stock slumped, and its earnings remained flat. The compensation package disclosed in a Friday regulatory filing included a $20 million bonus, and stock awards valued at $19.9 million. The rest of Dauman's pay for the fiscal year ending last September consisted of a nearly $3.9 million salary and various perks worth a total of slightly more than $500,000. Viacom earned $2.4 billion on revenue of $13.8 billion in 2014, unchanged from the previous year. And its class B shares fell 8%. Nevertheless, Viacom's compensation committee concluded that Dauman merited a significant raise from his fiscal 2013 pay of $37.2 million because he 'executed on key operational goals,' according to the company's filing. Shares of Viacom are down 17% year-over-year.
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