Six Viacom Directors Opposed by Proxy Firm Over CEO Pay – Bloomberg Business

Viacom Inc., under fire from investors over its declining stock price and health concerns about its controlling shareholder Sumner Redstone, faced fresh criticism Friday when a proxy adviser recommended voting against the re-election of six directors.
Institutional Shareholder Services is opposing the six because of an equity award to Chief Executive Officer Philippe Dauman that isn’t tied to the company’s performance. Investors participating in Viacom’s March 14 annual meeting should withhold votes for compensation committee members Blythe J. McGarvie, Charles E. Phillips, Jr., Frederic Salerno, William Schwartz, Deborah Norville and Cristiana Falcone Sorrell, ISS said in a statement.

via Six Viacom Directors Opposed by Proxy Firm Over CEO Pay – Bloomberg Business.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s