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alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 11:15 PM
Original message
Pay Doubles for Bosses at Viacom
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 Viacoms recent better performance.

Read more: http://www.nytimes.com/2011/01/22/business/media/22viacom.html
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msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 11:20 PM
Response to Original message
1. quick give him a job in obama's cabinet lolololol nt
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virgogal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 11:27 PM
Response to Original message
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?
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Overseas Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 11:36 PM
Response to Original message
3. K&R. $84 million and $64 million salaries -- usually Only $42 million and $32 million.
Oh yeah, that's more reasonable!
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KeepItReal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-21-11 11:47 PM
Response to Original message
4. $84.5 million for One Year...Workin' a job...
Only in America...
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thecrow Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-23-11 01:13 PM
Response to Reply #4
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:
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 12:01 AM
Response to Original message
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.
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 04:04 AM
Response to Reply #5
9. How many of us could have jobs in America
if they sliced twenty million off the top of that greedy dung heap?
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snot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 12:17 AM
Response to Original message
6. This is one of the 5 or 6 corps. that together own 95% of the media worldwide.
Propaganda pays.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 05:28 AM
Response to Reply #6
10. Apparently so and quite well. Can we get a make shit up of our own?
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ProudDad Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 12:58 AM
Response to Original message
7. It's fun to follow the winners in the class war, isn't it?
NOT!!! :nuke:
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-22-11 01:15 AM
Response to Original message
8. Doubling their salaries rather than putting anyone back to work -- !!
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