Pursuits
Viacom Says Redstone's 2015 Pay Declined 85% to $2 Million
- 92-year-old got no bonus, hasn't had equity award since 2012
- CEO Dauman's bonus cut 30%; salary, equity award change little
Sumner Redstone.
Photographer: Valerie Macon/Getty ImagesThis article is for subscribers only.
Viacom Inc., under pressure from activists for lagging behind its media peers, paid Chairman Sumner Redstone $2 million in fiscal 2015, an 85 percent drop from the previous year.
Redstone’s base salary was unchanged from the year before, the New York-based media company said Wednesday in an e-mailed statement. The 92-year-old billionaire became ineligible to receive a bonus last year and hasn’t received an annual equity award since 2012, the company said.