Just a little round-up of our news from the heights for you folks down there in the 90% crowd.
Viacom awarded its chief executive, Philippe P. Dauman, total compensation for 2010 valued at about $84.5 million, more than double the 2009 figure, including salary, bonus and stock options, the company disclosed on Friday.
It awarded its chief operating officer, Thomas E. Dooley, total compensation valued at about $64.7 million, also more than double the 2009 compensation. Viacom disclosed the compensation in documents filed with the Securities and Exchange Commission after the market closed on Friday.
___
Two years since emerging from the financial crisis, Wall Street profits — and big paychecks — appear to be back. But the public uproar that erupted over outsize bonuses that banks awarded, even after accepting a government bailouts, has not yet been tamed. Banks are still trying to balance the need to attract star executives and traders with regulators’ demands to ensure that their pay programs do not create excessive risk. Gone is some of the sensitivity to lawmakers and the broader public, who were angry at seeing such lavish paydays as they were losing their homes and jobs.
