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Sumner Redstone moves to oust five Viacom directors including CEO from board
June 17, 2016 by admin · Leave a Comment
By Jessica Toonkel and Dan Levine NEW YORK/SAN FRANCISCO (Reuters) – Sumner Redstone removed five of Viacom Inc's directors, including Chief Executive Philippe Dauman, from the board of the media company he controls on Thursday, a big step toward a potential management shake-up of the almost $20 billion…
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Sumner Redstone moves to oust five Viacom directors including CEO from board
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Mitsubishi plans $600 million compensation for four models over mileage cheating
June 17, 2016 by admin · Leave a Comment
Japan's Mitsubishi Motors Corp said it plans to give owners of four minivehicles close to $1,000 in compensation for its overstating of mileage readings, part of reimbursement costs that will total at least $600 million. The mileage scandal, which the company has blamed on pressure to deliver competitive readings and poor supervision of testing processes, has led to plans for Nissan Motor Co to take a one-third controlling stake in …
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Mitsubishi plans $600 million compensation for four models over mileage cheating