Pay cuts -- little ones -- for Hollywood moguls

Murdoch took home 28% less, Iger saw paycheck shrink 17% - but they still earned millions

By TheWrap Feb 11, 2010 3:10PM

Like everyone else, media moguls did some belt-tightening in the recession era.


Nearly every one of the top entertainment chiefs consented to lightening their wallets in 2009, a year when the economy struggled to recover from a terrifying nosedive and media companies laid off hundreds of employees.

An investigation into public records by TheWrap found:


* At $19.9 million, News Corp. CEO Rupert Murdoch took a 28 percent cut in his total compensation package from $27.5 million in 2009, based on the company's annual SEC filings.


* Bob Iger, CEO of the Walt Disney Co., and Les Moonves, CEO of CBS, took smaller 17 percent and 12 percent cuts -- though they still managed to rake in $21.6 million and $32 million respectively, according to public records.


* Viacom CEO Philippe Dauman cut his earnings by 26 percent -- but still pulled in upwards of $10 million. And that company's Executive Chairman Sumner Redstone shaved his total compensation by a million dollars -- to $5.2 million.


But save your tears. Even after pulling in the reins, salaries in most of Hollywood's executive suites remained safely ensconced in the seven- to eight-figure range.


And their take-home pay is miles ahead of the New Media giants at Google and Amazon.


Read the whole story at TheWrap.


More to read:

'Star Trek,' 'Transformers 2' Trigger Big Profits for Viacom

MTV's Double Dip: Video, Movie Awards Both in L.A.

More Layoffs at the New York Times Co.?

Tags: CBS
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