incapacitation
Viacom says its board has not had access to Redstone
May 22, 2016 by elegant · Leave a Comment
Viacom Inc said on Saturday its board members have been unable to meet with controlling shareholder Sumner Redstone because his daughter Shari is blocking access to the media mogul. Viacom's criticism of Shari Redstone comes a day
See original here:
Viacom says its board has not had access to Redstone
incapacitation
Sumner Redstone has power to remove Viacom CEO from his trust
May 17, 2016 by admin · Leave a Comment
Sumner Redstone has the power to remove Viacom Inc Chief Executive Philippe Dauman, but not his daughter Shari, from the trust that will control his $40 billion media empire after his incapacitation or death, according to two sources familiar with the matter. There is no evidence that Sumner Redstone is considering replacing Dauman. Shari Redstone, who sits on Viacom's board, voted against Dauman's elevation to executive chairman of Viacom to replace her father in February, arguing that a member of the Redstone trust should not …
Excerpt from:
Sumner Redstone has power to remove Viacom CEO from his trust