Published On: Thu, Oct 8th, 2015

VIDEO: Boardroom drama at Viacom Inc. amid fear over Sumner Redstone’s health

Boardroom drama is intensifying at Viacom amid questions about the health of executive chairman Sumner Redstone, as Wall Street ponders what the struggling media giant might look like without him.

Sumner Redstone with his daughter Shari   Shari+Redstone and Sumner

 

The 92-year-old Mr Redstone has overwhelming control of Viacom, with a voting stake of about 80 per cent. The company has said little on the subject of his health.

Mr Redstone’s daughter, Shari Redstone, and Viacom chief executive Philippe Dauman, each have claims to a major role in Viacom after Mr Redstone’s death.

Read the full story at THE WALL STREET JOURNAL, by KEACH HAGEY and AMOL SHARMA

 

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