Viacom chief executive Philip way mann salary plan fell by 22% in fiscal 2012, $33400000. The company said, the television networks of the audience down, operating income growth, the cause of a pay cut.
Viacom company also decided not to improve the basic salary more than man, because he has been extended his contract in 2010 the big promotion.
Executive chairman Mr Redstone, the company 89 - year - old founder and the controlling shareholder, see his salary welfare fell by 3%, 0.4 million dollars.
Digital from document viacom Friday submitted to the securities and exchange commission.
From his performance bonuses, fell to $11.5 million, by 2011 the $20 million in compensation of man suffered their biggest fall. The company said, their compensation and performance related parts, senior management personnel will get about 87% of the target.
"Our fiscal 2012 reflect the performance of the global economic slowdown and rating in several cable TV network challenge, the company said:" in the file.
Many man, fifty-eight years old, can't see any change, his earning $3.5 million from a year ago. His stock award $12.1 million, down from $13300000 last year. His equity reward as subsidies, for 6 million dollars.
The Associated Press type total compensation think, wages, bonuses, allowances, stock, in the year grant a stock right to carry out, but did not change the present value of the pension benefit. This makes the AP total slightly different, in most cases, from the company's securities and exchange commission (SEC) total report.
Value of the award is worth the administration with the passage of time, the company in 2012, the company is expected to assigned to executive stock option and the present value of the reward. The company USES several formula calculated value.
However, this figure is only an estimated value, will be determined by the executive final to win the award after the grant, the company's stock in the coming years performance. Most stock compensation the implementation of the plan needs to wait for a specified number of shares or exercise option of time to receive.



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