moonvesles_cp_6992812.jpgOn Friday, Viacom released its annual proxy statement to the SEC, and there are certain numbers that should raise one or two eyebrows. Despite a 16% year-to-year dip in overall Viacom stock, and trouble with Paramount as well as radio and outdoor holdings, the company's top three executives - Sumner Redstone, Leslie Moonves and Tom Freston - were given over $46 million combined in bonuses. And that doesn't even include stock options, or "other compensations", such as private jet use and "reimbursement in lieu of hotel expense" for nights spent, for instance, by Los Angeles resident Moonves, in his own New York home. According to Variety, Viacom's proxy indicated that the figures were designed to compensate the executives for leading the company into "meeting pre-established financial targets."

So does that mean they were trying to lose money?
categories Cinematical