Philippe Dauman

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Viacom Has a Controversial New Chairman

Sumner Redstone takes another step back from media empire

(Newser) - Aging media mogul Sumner Redstone stepped down as executive chairman of Viacom on Thursday and was replaced by CEO Philippe Dauman, a move that immediately disappointed investors. Although the decision mimicked a similar move at sister company CBS , Thursday's action has the potential to set off a future board... More »

CEO Pay Jumps 11%

Median compensation hits $9.3 million at America's biggest companies

(Newser) - CEO pay at America's 350 biggest companies soared in 2010, up 11% to a stunning $9.3 million, reports the Wall Street Journal . Most of that growing compensation came from executive bonuses, which leapt 19.7%. Topping the list was Viacom CEO Philippe Dauman, who made a cool $84.... More »

CEO Salaries Climb Above Pre-Recession Levels

Average S&P company doling out $9M

(Newser) - Did you know there was some kind of recession recently? You wouldn't, if you looked at CEO paychecks. CEOs were paid more last year than they were in 2007, when unemployment was at half what it is now and the stock market was at record highs, the AP reports.... More »

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