How serious was Sumner Redstone about getting Viacom’s share price up? So much so that the Viacom chmn is taking a pay cut (a feat probably made easier by the $56mln he pulled in 2 years ago). His salary will go to $1mln from $1.75mln as part of the company’s plans to link exec pay to share price. Gone is his $1.3mln in deferred compensation, and his target cash bonus goes to $3.5mln/year from $6.1mln. Instead, Redstone will get an annual $6mln in stock-based compensation.

The Daily

Subscribe
Thursday–February 25

Illinois ISP Faces CAF II Forfeiture

As lawmakers and industry groups call for the FCC to thoroughly vet winners of its $9.2 billion Rural Digital Opportunity Fund Phase 1 auction to avoid defaults seen in Connect American Fund Phase II auction

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Jobs

Seeking an INDUSTRY JOB? VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.