In his first year as CEO of Viacom, Bob Bakish received total compensation of $20.3 million, the company said in an SEC filing.
Bakish’s pay included a salary of $2.8 million, stock awards of $5.8 million, options worth $4.7 million and non-equity incentive plan compensation of $7 million.
Former Viacom CEO Phillippe Dauman, who was ousted after a board fight with the family of Sumner Redstone, which controls the media company, received $93 million in compensation for 2016. In 2015, he got total compensation of $54.2 million.
Bakish’s pay also was less than the $53.6 million received by Tom Dooley, who was CEO briefly between Dauman and Bakish. Upon his termination, Dooley received a cash payment of $48 million representing three times his target bonus award.
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.