Viacom CEO’s Pay, Stock Deal Worth $21 Million

Viacom Inc., the media company controlled by Sumner Redstone, said it would pay new Chief Executive Philippe P. Dauman $2 million a year plus a bonus of $7 million or more.

Dauman, who replaced Tom Freston this week, also was granted stock options worth $12 million, New York-based Viacom said in a regulatory filing. The options will vest in six months.