CEO Pay 2011: Viacom CEO Dauman’s Pay Goes Down To $43M, Apple CEO Tim Cook Highest Paid

By on Jan 29, 2012 in Business, Finance, United States, World Comments
Philippe Dauman
Philippe Dauman

Viacom Inc. CEO Philippe Dauman did not get stock bonuses for renewing his contract in 2011 which led to his pay package going down at $43 million, according to international news sites on Saturday, January 28, 2012.

According to reports, Dauman‘s pay in 2010 was $84.5 million. With his pay package nearly halved, he dropped as America’s top-paid CEO.

Furthermore, Dauman will not be able to match the top paid CEO of 2011: Apple Inc. CEO Tim Cook. The new Apple CEO was awarded a pay package valued at $378 million for replacing Steve Jobs, reports said.

The pay package of the CEOs mentioned were computed by the Associated Press, which calculates the pay package by “adding salary, bonuses, perks, above-market interest the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.”

The AP noted that the formula does not count changes in the present value of pension benefits, making the results slightly different from the total reported by companies to the Securities and Exchange Commission.

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