In the Margins

Viacom board to fight Sumner's efforts

May 31, 2016

By Bloomberg

Viacom Inc.’s independent directors will contest any possible effort by founder Sumner Redstone to remove board members from the media company, the board's lead independent director said in an open letter on Monday. Frederic Salerno said he and fellow board member William Schwartz have tried without success to meet with the 93-year-old Redstone in recent weeks. Read the original story from Bloomberg

 

 

Most Read

Viewpoints
Op-Ed: Whither valuation guidance?

The Securities and Exchange Commission should issue valuation guidance for investment companies. When I was chief counsel in the SEC's Division of Investment Management from 1997 ...