Sumner Redstone to Give Up Voting Role on Viacom Board
- Controlling shareholder, 93, to keep attending meetings
- Ailing billionaire became chairman emeritus in February
Sumner Redstone
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Sumner Redstone, chairman emeritus and controlling shareholder of Viacom Inc., will give up his vote on the board after the media giant’s next annual meeting.
Redstone, 93, will retain his title and continue to participate in meetings after the Feb. 6 shareholder gathering, Viacom said Friday in a filing. The billionaire, who has been in frail health, relinquished his title as chairman in February.