Sumner Redstone's family dramas could easily inspire one of
his company's films. After a much-publicized feud with son Brent
Redstone, the 84-year-old Viacom chief is exiling his daughter, Shari,
whom many expected to take over the reins after Redstone retires.
Last year, Brent Redstone sued his father, claiming he was being
excluded from the business in favor of his sister, Shari. Two years ago
Shari Redstone was promoted to vice chairman of Viacom and CBS, where
she appeared to be in line for the chief position.
Previously, Redstone soured on Tom Freston, one of MTV's
founders, and ousted him as head of Viacom. This came as a surprise as
Redstone was often quoted in the media saying he regarded Freston like a
son.
For now it seems as though Phillipe Dauman--longtime Viacom board
member, Freston replacement and Redstone's personal lawyer and
estate trustee--is most likely to succeed his boss when that time comes.
However, while the elder Redstone doesn't spend as much time in the
office as he once did, it's clear from his actions that he has no
plans to leave anytime soon, and his grip on the business is as strong
as ever.
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