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Sumner Redstone

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  1. Sumner Redstone Resigns as CBS Exec Chairman

    1:12 pm 2/3/2016

    CEO Leslie Moonves is stepping into the role. Viacom, where Redstone remains executive chairman, said its board of directors will meet Thursday.Read more

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  2. Viacom CEO Philippe Dauman "Fighting for His Life"

    5:06 pm 1/26/2016

    Dauman — whose pay has increased to $54 million as the media giant's stock price has gone down — controls the company's board but not a trust that will take over for Sumner Redstone as shareholders, Shari Redstone and Sumner's ex put him in a fight for his executive life. Read more

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  3. Activist Shareholder Readies Another Salvo at Viacom After CEO Pay Revealed

    4:21 am 1/25/2016

    Philippe Dauman was paid $54.15 million in fiscal 2015, a compensation package that shareholder Eric Jackson of SpringOwl Asset Management calls "egregious."Read more

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  4. Activist Shareholder Criticizes Viacom With Online Slideshow

    3:37 pm 1/19/2016

    "Oh la la! C'est trop cher!" says one slide that compares CEO Philippe Dauman's salary to that of his peers.Read more

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  5. Sumner Redstone Offered to Buy Daughter’s Stake in National Amusements for $1B (Report)

    12:51 am 12/21/2015

    Shari Redstone rejected the deal, which would have required her to give up her right to become chair of Viacom and CBS.Read more

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  6. Michael Wolff: What Will Happen When Sumner Redstone’s Empire Goes Up for Grabs

    5:30 am 12/16/2015

    In 2016, a scramble for control of Viacom Inc. and CBS Corp. could lead to a sale of one or both companies and new power for daughter Shari Redstone.Read more

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  7. Viacom's Second Largest Shareholder Floats Studio Merger, Says Redstone Is Too "Salacious" for Hollywood

    3:14 pm 12/3/2015

    "The mind is working but the body is not? At least discuss it. Tell everybody what's going on," Mario Gabelli says of his call for a disclosure on the executive chairman's mental state. Read more

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  8. Viacom CEO Speaks Out About "Misinformation," "Hyperventilation" Surrounding Sumner Redstone

    12:52 pm 12/3/2015

    Philippe Dauman at the UBS Global Media and Communications Conference in New York calls for "decency" in talk about the executive chairman's health and says he talks to and meets with him regularly.Read more

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  9. Major Viacom Shareholder Wants Alibaba to Buy a Stake in Paramount

    12:24 pm 12/3/2015

    Mario Gabelli owns the second-largest block of voting shares in Viacom, and he has suddenly become a very vocal, activist shareholder.Read more

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  10. Viacom's Second Largest Shareholder Calls for Disclosure of Sumner Redstone's Mental Capacity

    12:11 pm 12/2/2015

    Mario Gabelli's request comes on the heels of a legal battle involving Redstone's former girlfriend, Manuela Herzer, and trustees.Read more

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