1. Viacom CEO Dauman Wins Power Struggle

    Viacom CEO Dauman Wins Power Struggle

    In the battle between media mogul Sumner Redstone's daughter and his longtime confidant, the confidant prevailed. Mr. Dauman was elected to the post at a Viacom board meeting. The lone dissenter, according to people familiar with the matter, was Mr. Redstone's daughter, Shari Redstone, who has had a tense relationship with Mr. Dauman over the years. But Ms. Redstone, once viewed as a potential successor to her father, didn't seek the chairmanship for herself, these people said...

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    1. Shari is going to continue to advocate for what she believes to be in the best interests of Viacom shareholders.
    2. We are disappointed with the company's decision to appoint Philippe Dauman as executive chairman.
    3. In choosing a successor to Sumner, the board considered the need for seasoned leadership in this time of unprecedented change, Philippe's business experience and unparalleled knowledge of Viacom, and his long-term vision.
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