By Cynthia Littleton Business Editor Former CBS Corp. chief Joe Ianniello took in a total of $125.4 million in compensation and severance payments from ViacomCBS last year.
Ianniello’s total compensation was revealed Friday in ViacomCBS’ annual proxy filing with the Securities and Exchange Commission.
Ianniello received $2.8 million in salary and $84.7 million in severance payments that were stipulated years before in an employment contract that promised him a windfall if he was not promoted to CEO of the entire company.
The longtime CBS executive’s haul included stock awards valued at $37.4 million. Ianniello exited the company earlier this year following the merger of Viacom and CBS Corp.
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