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Businessweek Archives

Ceo Sumner M. Redstone (Sumner's Last Stand, Cover Story, Mar. 3)

Corrections & Clarifications

CEO Sumner M. Redstone (Sumner's Last Stand, Cover Story, Mar. 3)

An article about CEO Sumner M. Redstone's efforts to fix problems at Viacom Inc. (Sumner's Last Stand, Cover Story, Mar. 3) included an anecdote about how he survived a hotel fire. The story did not describe the events accurately. Based on information provided by Redstone and Dr. John F. Burke of Massachusetts General Hospital, here's what happened: Redstone, with his legs burned, crouched outside the window and clung to the burning building with his arm in the fire while he awaited rescue. BUSINESS WEEK did not mean to imply that Redstone misled anyone about what occurred.Return to top

The cream of the crop in pensions, too (Finance, May 19)

In "The cream of the crop in pensions, too" (Finance, May 19), employees of the BUSINESS WEEK 50 have 35% of their 401(k) assets in company stock, compared with 23% (not 26%) for those in the Access Research survey. In that same survey, 81% (not 59%) of large company 401(k) plans offer participants borrowing privileges.Return to top

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