Hollywood Execs Such as CBS' Les Moonves Got Massive, Multi-Million-Dollar Raises Last Year
Did you get a pay raise in 2010? Didn't think so.
That's the way you do it ...
But some of the entertainment industry's biggest titans saw jaw-dropping raises -- like, so much cash they could make in rain for for years.
Philippe P. Dauman of Viacom (MTV Networks, Paramount, et. al.) saw 150 percent more in compensation than last year -- a whopping $84 million in total pay. But wait, there's more:
Leslie Moonves of CBS got what amounted to a 38 percent raise -- nearly $54 million in total compensation.
Robert Iger at Disney? 31 percent -- $27 million.
And, slightly outside the Hollywood realm were Michael White of DirecTV with $32 million in total take-home and compensation and Brian L. Roberts of Comcast with $24 million (a 13 percent raise).
The cash in most cases includes stock option grants, performance awards and "incentives" -- e.g. rewards for financial goals reached. That's a lot of incentive.
All this data is courtesy a Wall Street Journal / Hay Group study, available here.
[@dennisjromero/djromero@laweekly.com]
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