Hollywood Execs Such as CBS' Les Moonves Got Massive, Multi-Million-Dollar Raises Last Year
That's the way you do it ...
Did you get a pay raise in 2010? Didn't think so.
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.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss LA Weekly's biggest stories.
- Valentine's Weekend DUI Checkpoints Hit Hollywood, Koreatown
- Watch the Porter Ranch Gas Leak Get Shut Down (VIDEO)
- Teen Raver Died From Ecstasy Intoxication, Coroner Says