Jim Cramer Says Viacom’s Dauman is Overpaid, Won’t Stay
Cramer comments on the ongoing battle to control Viacom between CEO Philippe Dauman and Sumner Redstone's daughter.
In the ongoing battle to control Viacom (VIAB) - Get Report between its current CEO Philippe Dauman and Sumner Redstone's daughter Shari Redstone, TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says Dauman is one of the most overpaid CEOs in the country. 'You can't fire him outright. But I do not believe he stays, not with that pay package.' Cramer added that 'when someone like Bernie Sanders talks to millennials, Gen X about this idea of greed, this is going to be exhibit 'A.'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
