Loading ...If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Imagine what he would have gotten if he would have stayed with the company. Tom Freston, the former CEO of Viacom who was ousted by Sumner Redstone last month after less than a year at the helm made out like a bandit, literally.
• $58.9 million in severance
• $7.4 million in deferred compensation
• $5.7 million in a retirement-fund payout
• Company-provided insurance for the next three years
• 90,141 shares of Viacom at a cost of about $10 million
• $3 million over three years
While Freston seemed to be popular with Viacom employees, justifying an $84.5 million severance package after being forced to resign while the company’s stock plummeted under your control seems fairly generous.
Viacom to Pay Ousted Chief Tom Freston $84.8 Million [Bloomberg]
—admin
Subscribe to Metadish using an 
Post a Comment