Pursuits
CBS CEO Moonves Said in Line to Be Chairman After Redstone
- Deal with Shari Redstone limits possible succession battle
- Judge rejects ex-girlfriend's demand to interview 92-year-old
Moonves Said in Line to Be CBS Chairman After Redstone
This article is for subscribers only.
CBS Corp. Chief Executive Officer Leslie Moonves would become chairman of the broadcaster upon the death of Sumner Redstone under an agreement with Redstone’s daughter Shari, according to a person familiar with the situation.
The arrangement lessens the potential for discord over succession at CBS after the death of Sumner Redstone, the 92-year-old billionaire who controls both CBS and Viacom Inc. and serves as chairman of both media companies. Moonves and Viacom CEO Philippe Dauman have employment contracts that allow each of them to leave with millions of dollars in severance if they aren’t made chairman once Sumner Redstone is gone.