Viacom Chairman Redstone gets reduced pay, responsibilities; pay hike for CEO | Reuters - Firstpost
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Viacom Chairman Redstone gets reduced pay, responsibilities; pay hike for CEO | Reuters

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BOSTON Viacom Inc (VIAB.O) said on Friday it cut the pay of Executive Chairman Sumner Redstone by 85 percent to $2 million last year in light of his "reduced responsibilities."

In a securities filing, the media giant also said the total compensation of Chief Executive Philippe Dauman was $54.15 million for the fiscal year ended Sept. 30, 2015, up from $44.33 million in the previous period.


(Reporting by Ross Kerber)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Jan 23, 2016 04:45 IST

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