National Amusements, Inc. says Viacom’s Chairman, President and CEO Philippe Dauman is overpaid — and the umbrella company wants him out already. Especially now, as Viacom’s lackluster third-quarter 2016 earnings are out in the public.
“Viacom’s overall performance continues to highlight the need for changes to leadership at the company, as National Amusements and many other investors have called for,” a Thursday statement began. “In recent years, the company’s senior management has overseen a steep erosion of revenue growth, earnings, operating performance, financial capacity and shareholder returns — with Viacom ranking at or near the very bottom of industry peers across many of these critical metrics.