1. Redstone Trust Looms Over Viacom And CBS

    Redstone Trust Looms Over Viacom And CBS

    After barely surviving a Boston hotel fire in 1979, Sumner Redstone was treated for his injuries at Massachusetts General Hospital. The media mogul showed his gratitude by donating millions of dollars to its burn unit. Mr. Redstone stepped down last week as chairman of CBS and Viacom, and the chief executives of those two companies slid into his role...

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    1. From a corporate governance standpoint, it is not ideal.
    2. You're basically asking the managers to oversee themselves.
    3. It will put pressure on them because I think you reach a point where they begin to lose credibility if they don't take some action.
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