Logo

Bloomberg

Sumner Redstone Names New Health-Care Agent, Replacing Longtime Confidant and Viacom Chairman Philippe Dauman; Other Developments Reported on the Legal Front

Apr 6, 2016  •  Post A Comment

New developments are being reported in the closely watched saga of Sumner Redstone’s health situation. Bloomberg reports that the chairman emeritus of Viacom and CBS Corp. has named his daughter Shari as his new health-care agent, replacing Viacom Inc. Chairman Philippe Dauman, Sumner Redstone’s longtime confidant.

The report cites people with knowledge of the situation who are not identified. Redstone, who is 92 years old and is dealing with health issues, controls an 80% voting interest in both Viacom and CBS Corp., the report notes. The move comes after some Viacom investors alleged that Dauman’s role might create a conflict of interest.

“Redstone’s attorneys, separately, are conducting settlement talks with lawyers for Manuela Herzer, a former girlfriend and companion who also once filled that role, said the people, who asked not to be identified discussing private matters,” Bloomberg reports.

Herzer was removed as Redstone’s health-care agent in October. In the latest moves, a Redstone family friend was reportedly named as a backup to Shari Redstone as health-care agent. “The agent would direct Redstone’s care should he be deemed unable to make decisions for himself, including whether to provide food and water,” Bloomberg notes.

viacom logo

Your Comment

Email (will not be published)