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Viacom Chief's Total Pay Rose With $17 Million Contract Renewal

Viacom Inc. paid Chief Executive Officer Philippe Dauman $54.2 million in salary, bonuses and benefits in fiscal 2015, including a $17 million payment that wasn’t mentioned in a company press release this week.

The additional amount was for a contract renewal, New York-based Viacom said Friday in a regulatory filing. The signing bonus of 300,000 stock units was first disclosed in last year’s proxy statement, filed on Jan. 23, 2015. The amount vests over three years, Viacom said.