Philippe Dauman, the CEO of Paramount and MTV parent company Viacom Inc., received salary and other benefits worth $84.5 million during the first nine months of 2010, according to Viacom.
Dauman was not immediately paid $54.27 million of the total compensation package. Rather that amount will vest for him over five years if Viacom makes performance goals. That $54.27 million was a one-time bonus for signing a long-term extension to his employment contract.
His take-home pay for the year was a measly $3.5 million.
He wasn't the only Viacom executive to make the big bucks.
Chief Operating Officer Thomas Dooley, who signed a new contract in May, was paid a total of $64.7 million, including a signing bonus of $40.87 million.
Founder and chairman Sumner Redstone received a total of $15 million.
The compensation package was outlined in a Viacom proxy statement filed with the Securities and Exchange Commission Friday.
Viacom reported figures on nine months in its proxy because it changed its fiscal year in 2010.
Viacom stock increased 22 percent during the nine months reported, and the company said the executives’ compensation was based on performance.
