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Just ask Viacom ex-CEO Tom Freston, who is walking away with $84.8 million. In addition to severance, which covers around $60 million of that, there's salary, deferred compensation and various target bonuses. It all seems straight-forward enough - well, as much as these crazy numbers can be - until the really goofy part pops up in the filing. As part of his employment agreement, Freston becomes a Viacom adviser for three years - at a fee of $1 million a year. For all that, he just needs to devote five days a month to the job (not that he'll actually be asked to do anything). Oh, and he still gets medical coverage through mid-2009. "They may very well have said, `We don't want him mad at us,''' executive recruiter John Challenger told Bloomberg News.


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1:35 PM Sat | A front-page story in the L.A. Times on the opening of KPCC's new studios in Pasadena says that next up for the NPR station is "a major expansion that its board of trustees hopes will make KPCC the hub of a regional constellation of public radio stations and a major source of news and information in Southern California."
Mark Lacter, LA Biz Observed
2:26 PM Fri | You might recall his being sent off for secretly paying clients to pursue shareholder lawsuits.
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