viacom-chief
Viacom says CEO Dauman to resign post immediately; Dooley steps in
August 21, 2016 by elegant · Leave a Comment
By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire. The settlement with Dauman also ends the legal fight between members of the Viacom board and Redstone's National Amusements Inc, the privately held company that holds 80 …
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Viacom says CEO Dauman to resign post immediately; Dooley steps in
viacom-chief
Viacom’s independent directors vow to fight ouster attempt
May 31, 2016 by admin · Leave a Comment
By Jessica Toonkel and Chuck Mikolajczak NEW YORK (Reuters) – Viacom Inc's six independent directors vowed on Monday to fight any attempt to oust them from the board, saying they found “inexplicable” the assertion that controlling shareholder Sumner Redstone was mentally competent and acted of his own free will. In a letter to shareholders, Lead Independent Director Fred Salerno said the directors would legally contest any bid to remove …
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Viacom’s independent directors vow to fight ouster attempt