Viacom’s Sumner Redstone Takes a Massive Pay Cut

New York Post: Viacom executive chairman Sumner Redstone will have a little less walking around money in 2016. The media giant, under fire for a three-way underwhelming performance in stock price, profits and ratings said it had cut Redstone’s total 2015 compensation by 85 percent. The mogul, worth $4.4 billion, had his bonus cut to zero, which reduced compensation to his base salary of $2 million.