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  "docSlug": "3544dfcc3316",
  "documentTitle": "Viacom (VIAB)",
  "authorId": "18_SpringOwl",
  "authorName": "Eric Jackson",
  "documentKindSlug": "activist-deck",
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  "presentationDate": "2016-01-13 00:00:00",
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  "pageNumber": 38,
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  "slideType": "expose_contradiction",
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  "density": "dense",
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  "notes": "The slide uses specific data points (65%, 46%, $40m, $39m, 62%) to highlight the disconnect between executive pay and company performance.",
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      "text": "Misalignment of Pay With Shareholder Performance",
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      "kind": "list",
      "text": "65% of Dauman’s Pay Last Year Was in Cash vs. Stock\nThat Eases the Pain of the Viacom Share Loss of 46% in the Last Year",
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      "text": "Dauman’s New Contract Extension Awarded Through 2018 Suggests He Will Be Paid Almost $40m a Year for the Next 4 Years Even if Viacom Continues to Struggle\nTotal Target Annual CEO Comp for Next 3 Years: $39M\nA Minimum of 62% of Pay is Still Expected to be Made to Dauman in Cash",
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      "text": "Misalignment of Pay With Shareholder Performance\nIf Viacom’s Stock Performance Lands in the Lowest Quartile of The Standard & Poor’s 500 Index According to his Plan Dauman Can Still Reap his Stock Award if Earnings Per Share Growth, Helped by Buybacks, Beats the Average Company in the S&P.",
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      "text": "CEO compensation: $40m",
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      "kind": "source-note",
      "text": "Source: 1. http://www.sec.gov/Archives/edgar/data/1339947/000133994715000009/daumanemploymentagreemente.html",
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      "text": "And A Substantial Part of Dauman’s Compensation is Cash Not Stock",
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