Showing posts with label Directors Question Which Redstone’s Pulling the Strings. Show all posts
Showing posts with label Directors Question Which Redstone’s Pulling the Strings. Show all posts

Sunday, May 22, 2016


By Bloomberg, May 20, 2016 

Sumner Redstone was “attentive and as opinionated as ever” when the 92-year-old ousted Viacom Inc.’s top executive Philippe Dauman from his future role as overseer of a family trust, Redstone’s attorney said, terming Friday’s surprise move in the best interests of shareholders.

In response, Viacom said it had received no communication from Redstone, portraying him as a shut-in, and said the actions attributed to him were “completely inconsistent with his long expressed wishes and intent.” A company director derided the latest turn of events as “unsettling and sad.”

Read More: http://www.bloomberg.com

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