Viacom Mulls Sumner Redstone Pay Cut as Case Is Tossed

MarketWatch: The board of Viacom is said to be considering whether to cut the pay of chairman emeritus Sumner Redstone, in the wake of a legal battle that highlighted the ailing mogul’s health problems. Redstone, 92, is the controlling shareholder of Viacom and CBS, with nearly 80% voting stakes in each company. Viacom and CBS have each scaled back Redstone’s pay significantly already.