Viacom Bashed for ‘Fuzzy’ Press Release on CEO’s Pay

TheStreet: Viacom has issued some “shocking” news for shareholders, according to Eric Jackson, managing director at SpringOwl Asset Management. Its press releases read “as if the company was trying to make it appear that CEO Phillippe Dauman’s pay went down. Didn’t they think anyone would notice? Should this kind of behavior be allowed? To my firm, this is just the latest sign that Viacom’s leadership needs substantial changes to finally drive the company’s stock price higher.”