National Amusements,Inc. head honcho Sumner Redstone has had an eventful near-century — here are some of the highlights and lowlights, including the recent drama overshadowing Viacom.
You’ve probably been skipping over lots of confusing stories lately about Redstone removing Philippe Dauman, and his successor as executive chairman of Viacom,from a family trust that will control Redstone’s $5 billion-plus fortune if — if – Redstone ever dies.
What all of these stories boil down to is this: Lots of people contemplate Redstone no longer calls the shots.
Also Read: Here’s How Viacom’s Philippe Dauman Could Be Fired“We fill the deepest respect for Sumner Redstone, but it is clear he is being shamefully manipulated, and ” the company said last week,bemoaning the fact that shareholders’ representatives in the company havent been given a chance to meet with the man they so admire. “The Sumner Redstone we knew would never refuse a assembly about his businesses and he certainly would not want advisors to stand in for him.”She is only the latest person accused of having an undue influence over Sumner. His ex-girlfriend, Manuela Herzer, or recently settled a lawsuit in which she asked to be placed back in charge of his health care. Dauman was briefly in charge of his health care,before he was booted from the family trust.
Related stories from TheWrap:Sumner Redstone Unveils Replacement Trustees for Philippe Dauman, George AbramsMedia Analyst: Philippe Dauman Will Be Fired, or Viacom Stock RewardedHere's How Viacom's Philippe Dauman Could Be FiredRedstone-Viacom War: 5 Latest Developments – And What Comes Next
Source: thewrap.com