1. CBS’s Board Pretends to Know What It’s Doing

    CBS’s Board Pretends to Know What It’s Doing

    CBS Corp. takes the prize this year for most dysfunctional corporate governance. It’s lucky the disarray isn’t showing up in its business operations — well, not yet.

    The $20 billion media company is mired in a bitter legal battle against its controlling shareholder, Shari Redstone, a situation that has turned nasty, with both sides trading jabs and accusations in recent months...

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