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Media is Where the Money Is
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FBN’s Dennis Kneale on media executives’ compensation compared with head honchos in the financial sector.
- Duration 1:43
- Date May 29, 2012
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FBN’s Dennis Kneale on media executives’ compensation compared with head honchos in the financial sector.
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I will forget a Wall Street which company CEOs are making the big bucks -- -- meals here that's cover this story since the banks not know all.
Is the media executives happily in.
He's got the captains of old media and old media were supposed to be dead media but the stock -- -- not so fast and these guys -- ranking among the highest paid CEOs in all of America some out earning even the fattest fat cats on Wall Street let's move investors CBS lead the pack.
His nearly seventy million dollar pay package ranking number two among all CEOs in the past year Associated Press -- -- doesn't pay rose 20% the year before and not reducing get 20% raises these days but look at how CBS stock is fair it's up almost 70%.
Since early October.
And CBS was up four dollar stock in 2009.
Now it's up eightfold since that.
David is that a lot of discovery communications comes an -- 52 point four million dollars up 23%.
But his stock is up 40% and seven months skies and then there's number three among these media titans Philippe Dauman.
Don't mob of Viacom is pay actually fell 450% from a year ago nevermind the Viacom shares are up.
30%.
And -- the guy who I think is maybe the best CEO in the business.
Robert Iger of Disney at 31 million dollars not bad but it's half the pay of CBS's -- that's.
Never -- the Disney shares are up 55%.
In seven months you know.
This is bashing critics decry lavish executive compensation but these numbers are so hot.
Because these same critics wanted CEO pay tied to a company's stock price you asked for it.
You got.
It's kids stand and deliver right there you -- let me think that are well it's quarter to the hours so it's time for stock.