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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