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Sumner Redstone has power to remove Viacom CEO from his trust
May 17, 2016 by elegant · 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 …
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Sumner Redstone has power to remove Viacom CEO from his trust