Viacom CEO to Leave After Bitter Fight with Redstone, Will Get $72M: Sources

August 19, 2016 11:27 AM

21 0

Viacom CEO to Leave After Bitter Fight with Redstone, Will Get $72M: Sources

Viacom and controlling shareholder Sumner Redstone have come to an agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman, two sources familiar with the situation told Reuters.

The settlement would end the battle for control over Redstone's $40 billion empire that includes Viacom and CBS, and which has been a source of shareholder angst and months of uncertainty.

Also watch: 2017 NFL Draft: Watson says it would be 'slap in the face' if taken after Trubisky

Read more

To category page

Loading...