“Viacom Inc. board members are pressing for access to Sumner Redstone and preparing for a high-stakes legal battle for control of the company,”
the
Wall Street Journal
reported.
The company's lead independent director, Fred Salerno, said in a letter to Redstone's new attorney, Michael Tu, that the board is “concerned” about Redstone and “eager to talk to him face to face,” the article said.
The
Journal
article said Viacom's board “is prepared to wage a court fight” if Redstone's holding company, National Amusements Inc., moves to remove Viacom directors or fire the company's CEO, Philippe Dauman. (Source:
Wall Street Journal
, May 27, 2016.)
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