Third Circuit Rules For Viacom in Suit Over Compensation For Top Executives

Viacom gave more than $100 million in bonuses and incentive pay to three of the media company's top executives ' Chairman Sumner Redstone, President/CEO Philippe Dauman, and COO Thomas Dooley ' between 2008 and 2011. Typically, corporate taxpayers are able to deduct executive compensation over $1 million if approved by the board and a majority of shareholders.

5 minute read July 01, 2014 at 02:09 PM
By
Jeff Mordock
Third Circuit Rules For Viacom in Suit Over Compensation For Top Executives

Viacom gave more than $100 million in bonuses and incentive pay to three of the media company's top executives ' Chairman Sumner Redstone, President/CEO Philippe Dauman, and COO Thomas Dooley ' between 2008 and 2011.

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