Former CBS Chief Joe Ianniello’s 2019 Compensation Tops $125 Million – Variety
Former CBS Corp. chief Joe Ianniello took in a complete of $125.four million in compensation and severance funds from ViacomCBS final 12 months.
Ianniello’s whole compensation was revealed Friday in ViacomCBS’ annual proxy submitting with the Securities and Trade Fee. Ianniello obtained $2.Eight million in wage and $84.7 million in severance funds that have been stipulated years earlier than in an employment contract that promised him a windfall if he was not promoted to CEO of the whole firm.
The longtime CBS government’s haul included inventory awards valued at $37.four million. Ianniello exited the corporate earlier this 12 months following the merger of Viacom and CBS Corp.
The proxy submitting additionally disclosed that ViacomCBS president-CEO Bob Bakish obtained a complete of $8.four million in compensation final 12 months, together with $230,000 in wage and $3.1 million in bonuses. He obtained inventory awards valued at $5 million.
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COPYRIGHT_BP: Published on https://bingepost.com/former-cbs-chief-joe-ianniellos-2019-compensation-tops-125-million-variety/84872/ by Cecilia Jones on 2020-04-03T21:19:38.000Z