Friday, January 27, 2012

Viacom Compensation

The movie business has been very good to Uncle Sumner and a chosen few.

Billionaire Sumner Redstone got a 39% boost in compensation last year in his role as executive chairman of Viacom Inc. The 88-year-old media mogul and his top two lieutenants together collected compensation packages in 2011 totaling nearly $100 million.

Of course Sumner got a 39% bump in pay. Viacom stock went up close to 9%; we can never do enough for the Job Creators.


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