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Viacom has been making near-daily headline news for the wrong reasons with many in the company and entertainment industry generally being focused on a sordid series of legal claims and counter-claims over the state of health of Viacom’s increasingly frail founder Sumner Redstone.
Last week it was revealed that Viacom’s CEO Philippe Dauman had been removed as a trustee of Sumner’s carers, and from the Board of National Amusements Inc (which owns 80 percent of Viacom’s powerful voting shares).
Dauman wrote an email to staff May 24th, saying that the tabloid gossip and headlines were a distraction. “We want you to know that we are keeping our focus squarely on what matters most to all of us — moving our company rapidly and successfully into the future,” according to a report in trade mag Variety.
Dauman is himself in the law courts, arguing that Redstone’s daughter has elbowed him out from the Board of National Amusements.