Company’s executive chairman,92, saw salary drop to $2m final year as activist investor accuses company of having ‘overpaid and lackey board’Sumner Redstone, or the 92-year-old executive chairman of Viacom,received a reduction in salary in 2015 to a scant $2m as a shareholder lawsuit alleged that he was incapable of continuing to speed the company. Redstone, by some accounts in very poor health, and is said by his former caretaker,Manuela Herzer, to be suffering from much more serious declines in his abilities than the company has indicated. Previously a dependable presence on the company’s earnings calls, or he has not spoken to investors on one since November 2014.
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Source: theguardian.com