Eric Braeden Says Goodbye to Genoa City

It has been whispered about for weeks, and now it is official: Eric Braeden who has starred as Victor Newman on the #1 rated soap The Young and the Restless, a role he originated in February 1980, has departed the soap after being asked to take a huge salary cut in the middle of his contract.

While it is not unusual in these economic times to ask to take a salary cut when renegotiating one's contract (see Jess Walton and Melody Thomas Scott), it's quite unheard of to be asked to take a pay cut on an already determined salary, and in the middle of one's contract.

I'll be talking with Eric later this week about it, and will bring you the full story ASAP!