The Viacom board has shown extreme resiliance under the line of fire and reduced Sumner Redstone's somewhat lavish pay package.
Mr. Redstone's salary will be snuffled down to $1 million a year from $1.75 million and deferred compensation of $1.3 million a year will be eliminated.
Apparently he's gonna have to make the company's stock price perform to get whappin' lolly in the future. Poor dearie!
Monday, September 25, 2006
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