Viacom’s Redstone Moves to Take Dauman, Others Off Board
- National Amusements holding company elects five new members
- Redstone seeks Delaware court approval for ousting directors
Redstone Removes CEO Dauman From Viacom Board
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Sumner Redstone’s National Amusements removed five members of the Viacom Inc. board Thursday -- including Chairman Philippe Dauman -- as the billionaire continues to reassert control of the media giant and take steps to replace Dauman as chief executive officer.
George Abrams, Blythe McGarvie, Frederic Salerno and William Schwartz were also ousted from the board, according to a statement Thursday from National Amusements Inc., Redstone’s theater chain and the controlling shareholder in Viacom. The changes are subject to approval by a court in Delaware, where Viacom is incorporated.