The chief executive at Viacom has reportedly been dealing with more than the usual amount of drama in the past week. Writing in the New York Post, Claire Atkinson reports that Philippe Dauman “has spent the last week getting torched by an activist calling for his ouster and a shareholder lawsuit saying he and the rest of the Viacom board put loyalty to Executive Chairman Sumner Redstone ahead of their fiduciary duties.”
“And if that’s not enough to put Dauman on edge,” Atkinson adds, “now the CEO may be forced to duke it out with Shari Redstone, daughter of the 92-year-old company founder, and Charlie Ergen’s Dish TV. The possible showdown with Shari Redstone could put a crack in the relationship between Dauman and the founder of Viacom, sources said.”
One source described an increasingly polarized situation at the company, saying, “I think we’re heading for some kind of splitsville. People are going to have to pick their sides.”
We encourage readers to click on the link near the top of this story to read Atkinson’s full report.