Tuesday, August 23, 2016

As the Sumner Turns

Yesterday after the ouster of Philippe Dauman and the announcement of the new board of directors for Viacom, I said that the story should be over now...but I suspected it wasn't. It wasn't. Now Sumner Redstone's granddaughter Keryn is objecting. From Deadline Hollywood...

Calling the settlement deal a “palace coup,” she wants the Massachusetts Probate and Family Court to provide for her to see the agreement that led Dauman and Viacom to withdraw two lawsuits charging that Redstone, 93, was not competent to manage his affairs and was being manipulated by his daughter, Shari.

Shari and Redstone-controlled National Amusements — which owns 80% of the voting shares in Viacom and CBS — vigorously denied the charges.

That's her aunt she is talking about here.

This is why I started calling the saga a soap opera. It's also why I decided not to be soulless, nasty billionaire. I did it for my kids. Didn't want them to grow up this screwed up.