UPDATE 2-Viacom cuts Redstone pay due to reduced responsibilities; CEO pay rises

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UPDATE 2-Viacom cuts Redstone pay due to reduced responsibilities; CEO pay rises

UPDATE 2-Viacom cuts Redstone pay due to reduced responsibilities; CEO pay rises
BOSTON, Jan 22 (Reuters) - Viacom Inc said on Friday it cut the total pay of its 92-year-old Executive Chairman Sumner Redstone by 85 percent to $2 million last year in light of his "reduced responsibilities" and that it had raised the pay of Viacom Chief Executive Philippe Dauman.

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