Former Viacom CEO Philippe Dauman figuratively laughed his way to the bank in fiscal 2016, receiving more than $93 million in total compensation in a year when he was ousted in a heated battle with former mentor and controlling shareholder Sumner Redstone.

According to a proxy statement filed with the Securities and Exchange Commission on Friday, Dauman received $93.02 million in total compensation, including $58.4 million in other compensation, mostly consisting of separation payments he received when he resigned from the company in August.

Dauman had been under pressure to leave from his former friend and mentor Redstone, who removed him from the trust that would have controlled his 80% voting interest in Viacom upon his death or incapacitation. What followed were a series of lawsuits where Dauman claimed Redstone was being controlled by his daughter, Viacom vice chairman Shari Redstone, and Redstone accused his former friend of being an incompetent executive.

According to the SEC document, Dauman’s former lieutenant, former chief operating officer Tom Dooley, received about $27.9 million in compensation in 2016, down from the $29.4 million he received in the prior year.  Dooley had served as interim CEO of Viacom after Dauman left, giving up that throne  in November.  Viacom named long-time executive Bob Bakish as acting CEO in October,  raising him to permanent CEO earlier this month.

With Bakish’s ascension, Redstone’s National Amusements dropped its support of a potential merger between Viacom and CBS, its other media holding. In December Viacom officially ended its exploration of the possible merger.

Viacom CEO Philippe Dauman is out and will be replaced by Thomas Dooley, currently COO, as part of an agreement ending the battle for control of the media company that has been won by 93-year-old mogul Sumner Redstone and his daughter Shari Redstone, according to sources familiar with the situation.

According to a report in the Los Angeles Times, Dooley will serve until the company’s board meeting in September, but could be asked to continue in the job.

Dauman was one of the highest paid CEOs in the U.S. but in recent year’s Viacom’s business has been bad, with ratings dropping at its cable networks and ad revenues declining. Its stock hit new lows earlier this year.

RELATED: Dauman Resigns as CEO of Viacom: Report

Shari Redstone was a rival of Dauman’s for control of her father’s $40 billion media empire, which includes CBS. She also criticized Dauman and opposed his election as chairman earlier this year.

The deal was approved by Viacom's directors Thursday night, but some elements needed to be signed off on before an official announcement can be made.

Read more at B&C.

Viacom CEO Philippe Dauman has reportedly resigned and will be replaced by Thomas Dooley, COO, as part of an agreement ending the battle for control of the media company that has been won by 93-year-old mogul Sumner Redstone and his daughter Shari Redstone.

According to a report in the Los Angeles Times, Dooley will serve until the company’s board meeting in September, but could be asked to continue in the job.

Dauman was one of the highest paid CEOs in the U.S. but in recent year’s Viacom’s business has been bad, with ratings dropping at its cable networks and ad revenues declining. Its stock hit new lows earlier this year.

Shari Redstone was a rival of Dauman’s for control of her father’s $40 billion media empire, which includes CBS. She also criticized Dauman and opposed his election as chairman earlier this year.

The settlement would end lawsuits in Massachusetts and Delaware and allow the Redstones to add five new directors to Viacom’s board.  The new directors include Judith McHale, former president of Discovery Communications; Ken Lerer, an investor in companies including Buzzfeed; and Nicole Seligman, formerly president of Sony Entertainment.

Five current board members who sided with Dauman will depart over the next few months.

Dauman will remain as non-executive chairman until next month and will be able to present to the board his plan to sell 49% of Paramount Pictures. The Redstones have opposed the sale.

Read more at broadcastingcable.com.