Redstone Takes Pay Cut

Farrell, Mike
March 2007
Multichannel News;3/19/2007, Vol. 28 Issue 12, p26
The article reports on the decision of Sumner Redstone, chairman of CBS Broadcasting Inc. to restructure his annual compensation package in 2007 in the U.S. Reports said that Redstone cut his annual salary from $1.7 to $1 million including his annual bonus and deferred compensation. However, the company's stock has decreased by 3.4% every share on March 14, 2007.


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