Viacom Board Prepares for Fight With Redstones – WSJ

http://ift.tt/25nwhBR

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Anticipating being pushed out by controlling shareholder and former chairman Sumner Redstone, lead independent director Frederic Salerno said in a letter to Viacom constituencies Monday that the board is preparing for a legal battle to keep their seats.

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@CorpTropolis on Twitter
@CorpTropolis: Viacom lead independent director says board will fight any attempts to oust it on.wsj.com/25vbOuY via @WSJ #corpgov

@BobTannous on Twitter
@BobTannous: Viacom lead independent director says board will fight any attempts to oust it on.wsj.com/25vbOuY via @WSJ #corpgov

@GlobalEthicist on Twitter
@GlobalEthicist: #Viacom: Good #CorpGov v evil #Governance? Independent #board #directors will fight any attempts to oust it on.wsj.com/25vbOuY #Culture

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