The Media Drop: Redstone downgraded to bluestone after pay cut

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September 25, 2006

Redstone downgraded to bluestone after pay cut

This, of course, was not overheard in a Viacom chatroom and should be taken as humorously as possible:

ViacomBoardGuy: Like, did you notice that Sumner Redstone is making a lot of money?
ViacomBoardroomDude: No, really? Shocker.
ViacomBoardGuy: Why you gotta be such a hater? I say we give him a pay cut, I mean there's no reason someone working for a monster conglomerate should make a lot of money as far as executives go, right?
ViacomBoardroomDude: Whatevs. I gotta go. Best Week Ever is on.
TomBiro: a/s/l?

While there aren't any specifics, it looks like Viacom is cutting the cash that chairman Sumner Redstone will be snagging.

Posted by Tom at September 25, 2006 1:51 PM | TrackBack | IM This

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