Sumner Redstone

Viacom says CEO Phillippe Dauman to resign post immediately; Dooley steps in

Viacom Inc said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire.

Aug 21, 2016, 13:55 PM IST

Viacom investors pay CEO's legal bills in Redstone spat

Viacom Inc disclosed on Friday it would foot the bill for embattled CEO Philippe Dauman`s legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the executive`s potential departure.

Jun 18, 2016, 02:12 AM IST

Viacom''s Redstone opposes selling minority stake in Paramount - WSJ

Ailing Viacom Inc controlling shareholder Sumner Redstone opposes Chief Executive Officer Philippe Dauman`s plan to sell a minority stake sale in Viacom`s Paramount Pictures movie studio, the Wall Street Journal reported on Monday.

Apr 12, 2016, 09:30 AM IST

Viacom names CEO Dauman as chair as Redstone exits; daughter protests

Viacom Inc`s board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone`s daughter, who voted against Dauman. 

Feb 05, 2016, 06:14 AM IST

Top investors question whether Viacom's Redstone should step down

Two of the largest shareholders in Viacom Inc have made the highly unusual move of publicly questioning Sumner Redstone`s mental fitness to remain executive chairman of the multi-billion dollar media company.

Dec 03, 2015, 10:32 AM IST