Pay Doubles for Bosses at Viacom

[alp227]

Source: The New York Times

Viacom presents: Big Payday II — the sequel.

Viacom awarded its chief executive, Philippe P. Dauman, total compensation for 2010 valued at about $84.5 million, more than double the 2009 figure, including salary, bonus and stock options, the company disclosed on Friday.

It awarded its chief operating officer, Thomas E. Dooley, total compensation valued at about $64.7 million, also more than double the 2009 compensation. Viacom disclosed the compensation in documents filed with the Securities and Exchange Commission after the market closed on Friday.

The company said, however, that the compensation was inflated by one-time stock awards linked to long-term contracts the executives signed last year. These contracts, for six and a half years, were unusually long for the industry, a spokesman, Carl Folta, said, and reflected Viacom’s recent better performance.

Read more: http://www.nytimes.com/2011/01/22/business/media/22viacom.html

[msongs]

1. quick give him a job in obama's cabinet lolololol nt

[virgogal]

2. There used to be a song called "Hang Down Your Head Tom Dooley"

I wonder if this 64.7 mil. Tom Dooley is hanging down his head in shame?

[Overseas]

3. K&R. $84 million and $64 million salaries -- usually Only $42 million and $32 million.

Oh yeah, that's more reasonable!

[KeepItReal]

4. $84.5 million for One Year...Workin' a job...

Only in America...

[thecrow]

11. Hey! That's *only* $9646/hour

and that's if he worked every day, every hour of the year.
Give him a break!! :sarcasm:

[dixiegrrrrl]

5. Wonder how many of us make that salary possible.

At some point, we have to look at how we are contributing to the obscene profits.


I see that BOA managed to lose a lot of money last quarter, in part because people are taking their
loan and banking needs elsewhere.

[aquart]

9. How many of us could have jobs in America

if they sliced twenty million off the top of that greedy dung heap?

[snot]

6. This is one of the 5 or 6 corps. that together own 95% of the media worldwide.

Propaganda pays.

[lonestarnot]

10. Apparently so and quite well. Can we get a make shit up of our own?

[ProudDad]

7. It's fun to follow the winners in the class war, isn't it?

NOT!!! :nuke:

[defendandprotect]

8. Doubling their salaries rather than putting anyone back to work -- !!