Dauman Sells Remaining Shares of Viacom Stock

Former Viacom CEO Philippe Dauman has sold the remainder of his Viacom shares.

Dauman on Friday unloaded 270,497 shares at an average price of $41.43 and another 478,784 shares on Monday at $41.43 a share, according to an SEC filing.

The latest sales brought Dauman $31.1 million. He still had 999 Viacom shares in his 401K account.

Related: Hearing in Redstone Case Leads to Settlement

Since being forced out, Dauman has sold about $59.5 million worth of Viacom stock.

Dauman, one of America’s best-paid CEOs,  lost a battle for control of Viacom and the rest of Sumner Redstone’s $42 billion media empire to Redstone and his daughter Shari.  He agreed to resign and collected a golden parachute worth at least $72 million.

Jon Lafayette

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.