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Final Note

When a $2 million pay cut is a symbolic blow

Kai Ryssdal May 18, 2016
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Sumner Redstone in a 2013 photo. Viacom's board voted Wednesday to stop paying his salary. Photo by Frazer Harrison/Getty Images
Final Note

When a $2 million pay cut is a symbolic blow

Kai Ryssdal May 18, 2016
Sumner Redstone in a 2013 photo. Viacom's board voted Wednesday to stop paying his salary. Photo by Frazer Harrison/Getty Images
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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.

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