Viacom CEO Says He Has Been Removed from Sumner Redstone's Trust
21 May 2016 - 2:11PM
Dow Jones News
By Keach Hagey
Viacom Inc. Chief Executive Philippe Dauman and Viacom board
member George Abrams have been informed that they have been removed
from the trust that will eventually control Sumner Redstone's media
empire, according to a spokesman for Mr. Dauman.
Removing Mr. Dauman would be a big victory for Shari Redstone,
Mr. Redstone's daughter and the vice chairman of Viacom and CBS
Corp., who has clashed in the past with the executive and was the
lone Viacom board member not to vote for his recent promotion to
executive chairman.
Ms. Redstone, Mr. Dauman and Mr. Abrams were three of the seven
members of the trust that Mr. Redstone set up to take over his
nearly 80% voting stakes in both Viacom and CBS Corp. when he dies
or is incapacitated.
Write to Keach Hagey at keach.hagey@wsj.com
(END) Dow Jones Newswires
May 20, 2016 23:56 ET (03:56 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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