NEW YORK - Viacom Inc.'s Philippe Dauman led the list of America's top-paid CEOs in 2010 but his pay package for 2011 was nearly halved, mainly because he didn't get stock bonuses for renewing his contract as he did a year ago.
Still, an Associated Press tally values Dauman's pay package at $43 million, down from $84.5 million a year ago.
The figures were contained in a securities filing the media company filed Friday.
Another reason he won't be the highest paid CEO last year: Apple Inc.'s Tim Cook was awarded a package valued at a whopping $378 million for replacing the late Steve Jobs at the helm.
Dauman's base salary rose 33 percent to $3.5 million, but the bulk of his pay came in the form of a $20 million bonus for good performance, a 78 percent increase from a year ago. The company said operating profits came in above the mid-point of its target range and free cash flow generation was near the top of its range.
Dauman's annual grant of stock awards was 68 percent smaller than a year ago at $13.3 million, and new stock options he was granted were valued at $6 million, down 79 percent from fiscal 2010.
He also received other compensation of $262,636, mainly for personal use of the company aircraft.
New York-based Viacom's executive chairman and 88-year-old founder, Sumner Redstone, saw a 39 percent boost to his pay package to $21 million.