Sumner Redstone Says He No Longer Trusts Philippe Dauman ‘Or Those Who Support Him’

Sumner Redstone Philippe Dauman
Rex Shuttertsock

Things keep getting stranger at Viacom. CEO Philippe Dauman and controlling stockholder Sumner Redstone are embroiled in a legal battle over Dauman’s removal from the Redstone family trust. Now, the two sides are communicating through open letters.

On Tuesday, board member Frederic Salerno — an ally of Dauman’s — wrote an open letter to Redstone, stating that he and Dauman have been repeatedly denied access to the 93-year-old mogul. He also wrote of his fears that Redstone is now surrounded by lawyers who have empowered his daughter, Shari Redstone, in violation of Redstone’s long-standing wishes.

Today, Redstone fired back in a brief response:

Dear Fred,

I reviewed your note. I no longer trust Philippe or those who support him. I am being sued by my fellow board members and my wishes are being ignored. I am determined to act in the best interests of the company and all of its shareholders. I do not trust you or the current board to do the same. So there is no doubt, Rob Klieger and Michael Tu are my attorneys and are acting at my direction.

Sumner

Dauman is openly trying to pursue a minority investor for Paramount Pictures, in defiance of Redstone’s publicly stated wishes on the matter. Redstone is in declining health and Dauman has not seen him since March.

There’s nothing terribly new in the latest letter. Redstone has previously been quoted as saying that Dauman is doing a “bad job” running Viacom, and that the board is not listening to him. Given his very public dissatisfaction, the remarkable thing is that Dauman and his allies are still clinging to power.

Update: And Salerno fires back. “We could clear a lot of this up if Sumner would share his thoughts with me face-to-face,” Salerno says.

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  1. Nanny Mo says:

    Poor Sumner. It is hard to get old and die. Walt Disney died looking out the windows of his hospital toward his studio which his older brother left the lights on as a way of saying, “We Love You.” He wasn’t ready to let go. He had more things he wanted to do, but he died. Steve Jobs is dead too. So is Jim Hensen, it happens. Sumner wants to hold on, the next life is coming and he will likely be a lot less important there, so he’s holding on. But one day, we will read in this rag that he died too. It happens.

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