New Questions Arise Over Sumner Redstone’s Competency After He Alters Trust

May 21, 2016 7:49 PM

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New Questions Arise Over Sumner Redstone’s Competency After He Alters Trust

Mr. Folta said the move to oust Mr. Dauman and Mr. Abrams was “completely inconsistent with his long expressed wishes and intent, and extremely disruptive and damaging to Viacom and all of its shareholders.”

Removing Mr. Dauman from the trust that will control his companies has raised the question of whether Mr. Redstone will also move to oust Mr. Dauman as a director and as chief executive of Viacom, especially after he was said to express dissatisfaction with Mr. Dauman’s performance as a Viacom direc...

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