In an in-depth interview about the situation at Viacom, former CEO Tom Freston cited “serious errors” by the company’s current management, and had harsh words in particular for current CEO and Chairman Philippe Dauman.
Interviewed Wednesday on CNBC’s “Fast Money,” Freston said of Dauman: “I don’t think he’s been the optimal leader for the company. The right guy for a job like that in a company that’s steeped in the popular culture with young audiences, the person who owns that chair should be somebody who is turned on, attracted to and somewhat knowledgeable about the popular culture and what’s going on there.”
Freston was also critical of the Viacom Board of Directors, saying it has been “complicit in the inactivity of Viacom. … I don’t know that the board is a board that’s really in touch with the world that Viacom’s viewers live in.”
Freston had plenty more to say about the leadership struggle at the company he helped build before he was ousted almost a decade ago. You can click here to read a full transcript of the interview.
Here’s a clip from Wednesday’s interview …