Viacom says CEO Phillippe Dauman to resign post immediately; Dooley steps in
Viacom Inc said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire.
Aug 21, 2016, 13:55 PM ISTViacom investors pay CEO's legal bills in Redstone spat
Viacom Inc disclosed on Friday it would foot the bill for embattled CEO Philippe Dauman`s legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the executive`s potential departure.
Jun 18, 2016, 02:12 AM IST