ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CBS CBS Corp

40.77
0.00 (0.00%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CBS Corp NYSE:CBS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 40.77 0 01:00:00

Viacom CEO Says He Has Been Removed from Sumner Redstone's Trust

21/05/2016 5:11am

Dow Jones News


CBS (NYSE:CBS)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more CBS Charts.
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.

1 Year CBS Chart

1 Year CBS Chart

1 Month CBS Chart

1 Month CBS Chart