CBS Weighs Succession for Chairman Redstone Annually
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CBS Corp. said its non-management directors consider succession planning for Chairman Sumner Redstone annually.
The New York-based media company made the disclosure in a regulatory filing today, adding that it doesn’t maintain a written succession plan for Redstone, 87. CBS filed the statements in response to inquiries from the U.S. Securities and Exchange Commission regarding its 10-K for 2009.