Viacom founder losing his mind and his company

Mandatory Credit: Photo by Jim Smeal/BEI/BEI/Shutterstock (3310385a) Sumner Redstone LACMA: Art and Film Gala, Los Angeles, America - 02 Nov 2013

Sumner Redstone

http://finance.ninemsn.com.au/careers/careersnews/9131251/daughter-of-aging-viacom-founder-fires-board-members

Shari Redstone has stepped up to the plate amid ongoing questions over whether her 93-year-old father, Sumner Redstone, is mentally competent to sign off on major corporate moves at Viacom, which owns MTV and Nickelodeon.

As a result, his National Amusements Inc, which has 80 percent control of Viacom, announced the appointment of five new board members to the company today.

Director George Abrams and chief executive Philippe Dauman were removed a month ago from the board of the Redstone family trust, in the first major move in the fight between them and Ms Redstone over her father’s media empire.

Both are long time confidants of Mr Redstone and have alleged in court that Shari Redstone has isolated her father in order to take power in Viacom, where she is vice chair.

Most of the new directors have experience in the entertainment and media industry and some of the names, including former Sony president Nicole Seligman, are widely reported to be close to Ms Redstone.

The move came after media reports said Ms Redstone had written a letter to another of the removed Viacom board members, Frederic Salerno, saying she no longer backs Dauman or his allies.

Salerno branded the latest move a “brazen and demonstrably invalid attempt” by Ms Redstone to take over her father’s $40 billion entertainment business.

“It is now clear that Mr. Redstone is being manipulated and used by his daughter in an attempt to accomplish her long-held goal of gaining complete control of Viacom,” Salerno said in a statement.

Dauman and Abrams have asked a Massachusetts court to reverse their removal from the Redstone family trust, and to order a medical examination of Mr Redstone to show he is not making the decisions, which they attribute to his daughter.

“He is a 93-year-old man suffering from overwhelming physical ailments, including an inability to speak, stand, walk, eat, write or read,” they alleged in a court filing.

https://en.wikipedia.org/wiki/Sumner_Redstone

Sumner was born to a Jewish family in Boston, Massachusetts, to Belle (née Ostrovsky) and Michael Rothstein. In 1940, at Sumner’s behest his father agreed to change the family surname from “Rothstein” to “Redstone” (“Red stone” is a literal translation of the German-Jewish name, “Rothstein”).

In 1944, he graduated from Harvard College, where he completed the studies for his baccalaureate in three years. Later, Redstone served as First Lieutenant in the United States Army during World War II with a team that decoded Japanese messages. After this military service, he worked in Washington, D.C., and attended Georgetown University Law Center. He transferred to Harvard Law School and received his LL.B. in 1947.

***

Most of the new directors have experience in the entertainment and media industry and some of the names, including former Sony president Nicole Seligman, are widely reported to be close to Ms Redstone.

https://en.wikipedia.org/wiki/Nicole_Seligman

She has received national attention in the United States for her representation of Lieutenant Colonel Oliver North during the Iran-Contra hearings, and of President Bill Clinton during his impeachment trial.

Seligman is the former Executive Vice President and General Counsel of Sony Corporation and former President of Sony Corporation of America.

She earned a B.A., Magna Cum Laude, from Harvard College (Radcliffe) in 1978, and, in 1983, a J.D., Magna Cum Laude, from Harvard Law School.

She is married to Joel I. Klein, former Chancellor of the New York City Department of Education and former U.S. Assistant Attorney General in charge of the Justice Department’s Antitrust Division.

https://en.wikipedia.org/wiki/Joel_Klein

New York magazine ranked Klein as one of the most influential people in public education. Klein had never obtained the common formal credentials that one would have to take a leadership role in a public school system, and Klein had a short duration of teaching experience.

Klein grew up in New York City and attended public schools, graduating from William Cullen Bryant High School in Queens in 1963. He attended Columbia University, graduating magna cum laude and Phi Beta Kappa. He received his law degree from Harvard Law School, again graduating magna cum laude, in 1971.

***

Director George Abrams and chief executive Philippe Dauman were removed a month ago.

https://en.wikipedia.org/wiki/Philippe_Dauman

Dauman was born and raised in New York City, the son of Life magazine photographer Henri Dauman. His parents emigrated from France. At Yale University he fell in love with his roommate’s sister, who would become his wife.

———-

“He is a 93-year-old man suffering from overwhelming physical ailments, including an inability to speak, stand, walk, eat, write or read,” they alleged in a court filing.”

poor sumner..the guy is a vampire and his daughter as taken over..

check out his history and some other assorted links to him..the same places are sighted and the same groups represented..importantly look at seligman..

clan of berg very much to the fore..

401

~ by seeker401 on June 20, 2016.

7 Responses to “Viacom founder losing his mind and his company”

  1. Sorry abt your splash bros, seek..
    close by no cigar

  2. Sumner was born to a Jewish family in Boston, Massachusetts, to Belle (née Ostrovsky) and Michael Rothstein. In 1940, at Sumner’s behest his father agreed to change the family surname from “Rothstein” to “Redstone” (“Red stone” is a literal translation of the German-Jewish name, “Rothstein”).
    My, how crypto…

  3. Reblogged this on World4Justice : NOW! Lobby Forum..

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