(Photo: Sumner Redstone). Every time I read about this, I think to myself...Sumner's DAUGHTER Shari is the Vice Chairman, but the CEO Philippe Dauman is his health care guardian instead of Shari. That's so intensely weird and sad.
Wednesday, December 23, 2015
As the Sumner Turns
From this morning's Tom Taylor column...
The picture of a post-Sumner CBS is clearing up. Not completely – there will still be infighting in the courts and the penthouses. But it appears that #1, Les Moonves would win a promotion from CEO to Chairman at CBS, following Sumner Redstone passing. The news is reported by Bloomberg, and it would seem to guarantee some continuity at a company that’s admired on Wall Street. Bloomberg says that’s the deal made by current vice-chairman Shari Redstone, Sumner’s daughter. #2, it’s clear that Shari Redstone isn’t fading away. The Wall Street Journal has a sensational news story - Shari rejected a $1 billion offer in late 2014 to buy out her 20% stake in National Amusements, the controlling shareholder of CBS and Viacom. That would’ve meant Shari giving up her right to become chairman of CBS and Viacom. Event #3 is the ongoing legal challenge over the competency of 92-year-old Sumner Redstone. An L.A. judge ruled on Monday that Sumner needn’t undergo a medical exam and competency test. But it’s possible that Viacom CEO Philippe Dauman, Sumner’s health care guardian, may undergo a deposition.
(Photo: Sumner Redstone). Every time I read about this, I think to myself...Sumner's DAUGHTER Shari is the Vice Chairman, but the CEO Philippe Dauman is his health care guardian instead of Shari. That's so intensely weird and sad.
(Photo: Sumner Redstone). Every time I read about this, I think to myself...Sumner's DAUGHTER Shari is the Vice Chairman, but the CEO Philippe Dauman is his health care guardian instead of Shari. That's so intensely weird and sad.
