Sumner Redstone Fires Most of Viacom Board

June 16, 2016 8:15 PM

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Sumner Redstone Fires Most of Viacom Board

The action is the latest step in a showdown of Redstone's National Amusements, which controls the company and CBS, and Viacom chairman and CEO Philippe Dauman.

Sumner Redstone has fired most of Viacom's board in one of the biggest assertion of powers in corporate history, replacing directors the mogul has been at war with -- including CEO Philippe Dauman -- in favor of members of his own inner circle.

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