Submission + - Viacom, "Decimated By Piracy," Gives CEO $50M Rais (cnn.com)
esocid writes: Philippe P. Dauman, CEO of Viacom, led executive compensation raises this year with a $50.5 million raise, bringing his total annual compensation up to $84.5 (the majority of the 148.6% raise came in stock options). It's curious because Viacom continues to argue that it is in danger of capsizing unless radical changes are made to prevent piracy. Warner Bros. was in the same boat, complaining about not being able to compete with piracy, yet setting a record quarter for income. It's curious how people and politicians still buy their lamentations.