Arab Today, arab today viacom directors opposed to redstone daughter replaced
Last Updated : GMT 00:42:28
Arab Today, arab today
Arab Today, arab today

Viacom directors opposed to Redstone daughter replaced

Arab Today, arab today

Arab Today, arab today Viacom directors opposed to Redstone daughter replaced

National Amusements Inc, which has 80 percent control of Viacom
New York - AFP

Five directors of media giant Viacom, including chairman and chief executive Philippe Dauman, were replaced Thursday as the daughter of the elderly company owner Sumner Redstone strengthened her control.

Amid ongoing questions over whether the 93-year-old Redstone is mentally competent to sign off on major corporate moves, his National Amusements Inc, which has 80 percent control of Viacom, announced five new board members to the company.

Also replaced was director George Abrams, who together with Dauman was removed a month ago from the board of the Redstone family trust, in the first major move in the fight between them and Shari Redstone over her father's media empire.

Both are longtime confidants of Sumner Redstone and have alleged in court that Shari Redstone has isolated her father in order to take power in Viacom, where she is vice chair.

In a statement, National Amusements said the new directors, most of them executives with experience in the entertainment and media industry, "have deep experience in corporate governance of public companies and will provide valuable expertise to Viacom."
At least some of the names, including former Sony president Nicole Seligman, are widely reported to be close to Shari Redstone.

The move came after media reports said Sumner Redstone had written a letter to another of the removed Viacom board members, Frederic Salerno, saying he no longer backs Dauman or his allies.

"I no longer trust Philippe or those who support him," Redstone wrote, according to The New York Times.

On Thursday Salerno branded the latest move a "brazen and demonstrably invalid attempt" by Shari Redstone to take over the $40 billion entertainment business, which controls hit names like MTV, Nickelodeon, and Comedy Central, as well as Hollywood giant Paramount Pictures. 

Dauman, Abrams and Salerno maintain that Sumner Redstone's longtime wishes were for the company to be guided by independent and professional management rather than family members when he dies.

However, Salerno said in his statement Thursday, "It is now clear that Mr. Redstone is being manipulated and used by his daughter in an attempt to accomplish her long-held goal of gaining complete control of Viacom."

Dauman and Abrams have asked a Massachusetts court to reverse their removal from the Redstone family trust, and to order a medical examination of Sumner Redstone to show he is not making the decisions, which they attribute to his daughter.

"He is a 93-year-old man suffering from overwhelming physical ailments, including an inability to speak, stand, walk, eat, write or read," they alleged in a court filing.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today viacom directors opposed to redstone daughter replaced Arab Today, arab today viacom directors opposed to redstone daughter replaced

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday