Human Capital & Careers

Viacom CFO Receives $5.5 Million Bonus

Also: pay packages at Tiffany, Wal-Mart Stores, Foot Locker, Mattel, Aon.
Stephen TaubApril 19, 2004

Viacom senior executive vice president and chief financial officer Richard Bressler received a $5.5 million bonus last year.

This was certainly no surprise to the executive or to other followers of the media giant. Bressler, who joined the company in March 2001 and became CFO two months later, has received the same bonus for three straight years now. In his first year, he was awarded a bonus of “only” $5 million — but he wasn’t at Viacom for the entire 12 months.

Bressler was also paid a salary of more than $1.1 million last year, bringing his full pay package to nearly $6.7 million.

Elsewhere:

  • James Fernandez, executive vice president and chief financial officer of Tiffany, took home a glittering $3.5 million last year. This includes more than $2.4 million in profits from exercising stock options and selling the underlying shares. His bonus also more than doubled to $375,000.
  • Wal-Mart Stores executive vice president and chief financial officer Thomas Schoewe earned $2.65 million last year, including a $984,000 bonus and nearly $1 million in restricted stock.

Foot Locker executive vice president and chief financial officer Bruce Hartman earned a little more than $2 million. This includes $307,500 in restricted stock, which he did not receive the prior year, and $646,533 in long-term incentive payouts, which were for the 2001-2003 performance period.

  • Mattel chief financial officer Kevin Farr made about $2.9 million last year. This includes more than $1.2 million of principal and interest that was forgiven with respect to a loan from Mattel to Farr.
  • Aon chief financial officer David Bolger took home about $3.5 million, including more than $2 million in restricted stock.