When a $2 million pay cut is a symbolic blow
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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