Corporate governance advocates and shareholder activists have long complained that chief executive officer pay, which has jumped by a third since 2007, is sometimes way out of line with the CEO’s on-the-job performance.
In 1972, President Richard Nixon cruised to re-election. “The Waltons” premiered on CBS. And Sumner Redstone, who wasn’t yet a global media mogul, made a taxable gift to his children and failed to file a return.
Viacom Inc., owner of the Paramount film studios and cable networks such as Nickelodeon and MTV, narrowly topped analysts’ profit estimates on higher fees from the cable companies that carry its programming.
Viacom Inc. Chief Executive Officer Philippe Dauman said the market is “starting to break” for broadcast and cable-television commercials sold in advance of next season, an improvement compared with last year.