Viacom says CEO gets 40 pct jump in base salary

April 19 (BestGrowthStock) – Viacom Inc (VIAb.N: ) Chief Executive
Officer Philippe Dauman received a 40 percent hike in his annual
base salary to $3.5 million, effective Jan. 1, 2010, a
regulatory filing showed.

Dauman, who became CEO of the media conglomerate in Sept.
2006, earned a total compensation of about $34 million in 2009,
according to a proxy statement filed with the U.S. Securities
and Exchange Commission late on Friday.

This included a base salary of $2.5 million and other
incentives such as stock awards, option awards, non-equity
incentive plan compensation and others.

Dauman’s target annual cash bonus for 2010 has been
increased to $12 million from $9.5 million. The bonus is subject
to certain performance goals established by the company.

In addition, he will continue to receive life insurance
coverage in the amount of $5 million, the filing said.

In February, Viacom posted a 3 percent decline in
fourth-quarter revenue to $4.1 billion, while the net income
rose to $694 million.

Dauman did not receive any raise in his base salary in 2009
compared to 2008. However, the CEO was offered a near 60 percent
raise in a non-equity incentive plan.

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(Reporting by Shrutika Verma in Bangalore; Editing by Jon

Viacom says CEO gets 40 pct jump in base salary