Philippe Dauman Says Legal Woes Won't Deter Viacom
Posted in: UncategorizedViacom CEO Philippe Dauman kept up a tone of confidence on the company’s earnings call with Wall Street on Thursday morning, saying the company is not deterred by the very public legal battle with Sumner Redstone.
At the top of the call, Mr. Dauman said the decision last week by Massachusetts and Delaware courts to proceed with the case was a positive step in reaching a resolution.
Mr. Redstone, who controls Viacom through his holding company National Amusements, ousted five of the company’s board members, including Mr. Dauman, in June. In turn, Mr. Dauman is questioning Mr. Redstone’s mental capacity, claiming he is being influenced by his daughter Shari Redstone, vice chair of Viacom.
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