Archive

Sumner Redstone to Step Down From Viacom Board

AILING

After company’s annual shareholder meeting.

cheats/2016/12/16/sumner-redstone-to-step-down-from-viacom-board/161216-sumner-redstone-cheat_byqneh
Fred Prouser/Reuters

Sumner Redstone will give up his voting role on the board of Viacom Inc. following the company’s upcoming annual gathering. The 93-year-old mogul, whose health has rapidly deteriorated in recent years, will continue to attend meetings and retain his title after the Feb. 6 shareholder meeting. This past February, Redstone gave up his title as chairman of Viacom, now holding the title of chairman emeritus.

Read it at Bloomberg News

Got a tip? Send it to The Daily Beast here.