Dauman Sells Remaining Shares of Viacom Stock

By ( Broadcasting & Cable ) published

Former Viacom CEO Philippe Dauman has sold the remainder of his Viacom shares.

Dauman on Friday unloaded 270,497 shares at an average price of $41.43 and another 478,784 shares on Monday at $41.43 a share, according to an SEC filing.

The latest sales brought Dauman $31.1 million. He still had 999 Viacom shares in his 401K account.

Related: Hearing in Redstone Case Leads to Settlement

Since being forced out, Dauman has sold about $59.5 million worth of Viacom stock.

Dauman, one of America’s best-paid CEOs,  lost a battle for control of Viacom and the rest of Sumner Redstone’s $42 billion media empire to Redstone and his daughter Shari.  He agreed to resign and collected a golden parachute worth at least $72 million.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.