Connect with us

Hi, what are you looking for?

Jewish Business News

The A-List

Sumner Redstone Is Stepping Down From Viacom Board

Sumner Redstone

 

Sumner Redstone announced that he will be stepping down from Viacom’s board of directors. The move will come after the entertainment’ company’s upcoming board meeting in February.

His retirement will come 30 years after he succeeded in a hostile takeover of Viacom. Sumner Redstone then made it into one of the world’s greatest entertainment conglomerates.

No official reason has been given for Redstone’s decision, but he is 93 years old and has been in declining health recently. Some say that he no longer makes the decisions and that his daughter Shari Redstone makes all of Sumner Redstone’s business moves for him now.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Advertisement
cialis cialis satış