Ousted Viacom CEO to Be Paid $84.8 Million
From Times staff and wire services
Ousted Viacom Inc. Chief Executive Tom Freston will be paid as much as $84.8 million in severance and other compensation over three years, regulatory filings show.
Freston’s previously reported severance of $60 million will be supplemented with $5.7 million in payments from a retirement fund, $7.4 million in deferred compensation and 90,141 shares of restricted stock with his departure. He also can earn a maximum of $3 million over three years for serving as an advisor to Viacom until 2009.
