According to a filing with the Securities and Exchange Commission, Viacom's new CEO Philippe Dauman was rewarded with a yearly salary of $2 million, along with a target bonus of $7 million. Not only could the bonus double in value, but there is also another $12 million in stock options included in the package.
The new chief administrative officer, Tom Dooley, who will be Dauman's lieutenant, will receive a $1.6 million salary, $5.6 million in bonuses and stock options of $9.6 million in his package.
Neither of the bonuses of Dauman or Dooley will be connected to performance goals.
Variety reported, "Dauman and Dooley will constitute a two-member Office of the President that will "supervise and review operations, planning and strategy for Viacom and its subsidiaries," the filing said.
"Dauman and Dooley will both receive a pro-rated portion of their target bonus this year. That payment won't be based on performance objectives."
Philippe Dauman/AP
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