Pursuits
Shari Redstone Says Viacom Shareholders Want New Management
- Says she isn’t seeking to manage company or become chairman
- Board should focus on boosting value, not self-preservation
Shari Redstone.
Photographer: Frederick M. Brown/Getty ImagesThis article is for subscribers only.
Shari Redstone, the daughter of media billionaire Sumner Redstone, said Viacom Inc. shareholders want new management -- the strongest indication yet that the family controlling the company may seek to oust Chief Executive Officer Philippe Dauman.
Shari Redstone, who is vice chair of Viacom, said in a statement issued Tuesday by a spokeswoman that she has no desire to manage the company or become chairman. Her remarks were in response to comments Monday from lead director Frederic Salerno, who said Viacom’s board members would fight any attempt to remove them.