Why, oh why, did I go into print instead of broadcast?
April 30 (Bloomberg) — Philippe Dauman has to be steamed. In 2007, the chief executive officer of Viacom Inc. outperformed his corporate sibling, Leslie Moonves, CEO of CBS Corp. Yet their surrogate father, Sumner Redstone, paid Moonves 3.2 times more. Leaving aside that Redstone must think that pay-for- performance means you pay more for less performance, the compensation packages these two gents received are awesome: By my estimates, $22 million for Dauman and $71 million for Moonves.
As for Redstone himself, he managed to extract total pay of about $26 million for being the non-executive chairman of both boards. On May 27, he turns 85.
It would be a very fine thing to get “steamed” over being insulted with $22 million.






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