This final note on the way out, ending, in a way, where we started: Worker pay.
The board of directors at Viacom voted today to stop paying the salary of 92-year-old Sumner Redstone, its founder and chairman emeritus. Until this afternoon, Redstone made $2 million a year.
Symbolism here is everything. Redstone’s worth something like $5 billion dollars.
He just won a legal fight over his mental competency a couple of weeks ago.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.