shari redstone political contributions

• 8 September 2023

Less than a quarter of the S&P 100 companies have a woman as their chair or a lead director, and that puts Shari in a notable position, said Dawn Belt, a partner and coauthor of Fenwick & Wests Gender Diversity Study. In late 2016, Bakish was named Viacoms CEO and he began working to rebuild the company. Then he gave up his board seats. Lawsuit Accuses Shari Redstone of Forcing ViacomCBS Merger An Ohio health care executive who sits on the Viacom board, Robert Walter, has supported Republicans from his home state. At one point, the media reported that they were communicating by fax and were refusing to speak with each other in person. But it was former Viacom Chief Executive Philippe Daumans plan to sell Paramount Pictures that bonded father and daughter. She graduated with a Bachelor of Science from Tufts University in 1975. Former CBS Chief Joseph Ianniello Refutes Claims In - Deadline Herzers lawsuit plunged National Amusements and Viacom into turmoil. or A former CBS-Viacom exec says Redstone has sat in on multiple meetings about the potential venture, though this person doesnt think Redstones idea arises from ideology. She also is a director of NAI. Shari insisted on dissenting, Sumner told Forbes. A receiving line of network executives and on-air stars lined up to greet her as trays of mini cheeseburgers and pinot noir circulated. The main trust owns controlling shares in National Amusements, which in turn controls about 80 percent of. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: REDSTONE, SHARI E . According to Herzers lawsuit, and the documents she has obtained as a result of filing it, the feuding between Shari and Sumner began in 2007 after Shari voted to block a $105 million charitable gift that Sumner wanted to make to hospitals in Massachusetts and California. This article is from the archive of The New York Sun before the launch of its new website in 2022. Herzer sued, claiming Redstone had lost his mental capacity. Shari Redstone is an American media executive with a diverse history in the entertainment industry and related businesses. The Redstones operated more like a wolf pack, Ms. McGrath said. Shari Redstone wins in her fight with Les Moonves and CBS - Vox and attorneys fees under ECPA, according to the filing. I know I have asked you to help me return everything to the way it was before the two women entered my life and to make sure that everything I described in the December letter to her has been undone (or is being undone). Soon thereafter, according to Herzer, Shari caused Sumners estate plan to be amended so that after his death his 80 percent interest in National Amusements would fall under the control of the seven trustees, a group she reconstituted to put herself in control of four votes, including her own, Tylers, her daughter Kimberlees, and that of an artist friend Jill Krutick. He overhauled the management of the moribund Paramount and tossed out senior TV executives. Everybody wants Fox News money, but nobody wants to destroy their [existing] news brand, a source says. Moonves erroneously blamed Redstone's daughter Shari, the CBS vice chairman and an increasingly powerful corporate rival, for his mushrooming PR troubles, and met, texted and socialized again . He contributed $2,000 to Mr. Kerry and has given nearly $30,000 to Democratic groups and candidates in the past six years. The investor community still seems to think that the right move could be to just . But Redstone pre is increasingly out of the picture. During a low point in 2015, Ms. Redstone wrote in an email to her son that your grandfather says I will be chair over his dead body.. [12][13][14], In 2007, Redstone and her father feuded publicly over issues of corporate governance and the future of the cinema chain. The two often clashed over executive compensation and board member selection. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used. The Hollywood Reporter is a part of Penske Media Corporation. organisation Their main sticking point was one that plagues many family businesses: succession. Shari Redstone - $5,400 in Political Contributions for 2016, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . He communicates partly through an iPad programmed with his voice with, reportedly, three responses: yes, no, and fuck you. Shari Redstone was in many ways an unwilling participant, dragged into the drama because her father's increasingly erratic and bizarre behavior threatened his family's fortune and legacy . You may change or cancel your subscription or trial at any time online. She also pursued a degree in social work after volunteering at a trauma center for abused children. {xO$S]%&7g>r=g8` 2023 The New York Sun Company, LLC. I was never a great proponent of the split of the two companies, I think the path each company took could have been different under different leadership and this is why a combination should be explored now, she said at the November 2016 DealBook conference. Shari Redstones appointment to lead the remerged Viacom and CBS was unexpected by almost anyone who has followed the battles within this family media business. The two-year period in which the transaction was reported. She previously wrote for the Miami Herald and the Palm Beach Post. Shari Redstone is emerging from the long shadow of her larger-than-life father, Sumner Redstone. Fox's best efforts to keep the 92-year-old media moguland his son Lachlan off the stand appear to be faltering, with the judge saying he wouldn't stand in the way of Dominion subpoenaing the Murdochs. A member of the Company Town team for two decades, James specializes in covering television, corporate media and investigative projects. The Redstone family investment firm, National Amusements Inc., controls nearly 80% of CBS and Viacoms voting shares. Two other members of the board, Joseph Califano and William Cohen, held cabinet posts under Democratic presidents. She pushed for the union, believing the two companies would be stronger together during a turbulent time. Shari Redstone, Sumner's daughter who was estranged from her father for much of his life but reconciled with him in his final years, effectively took over his empire in 2016 after a long,. Sumner and Shari Redstone have had an especially troubled relationship, in part due to Sumners desires to keep her away from his personal and business affairs.. Moonves, on the other hand, supports his handpicked successor Joseph Ianniello. The Muscle Behind Shari Redstone's War | Vanity Fair Leadership | Paramount It Was Business, It Was Personal: The Redstones' Father-Daughter Feud During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Sumner Redstone died Tuesday at age 97, National Amusements said in a statement Wednesday. analyse how our Sites are used. Mr. Redstone, who died on Tuesday at 97, was an old-school, expletive-spraying mogul from a time when bosses asserted their power by screaming in the workplace. In the past six years, Mr. Redstone has given $50,000 to Democratic campaigns and party committees, according to filings with the Federal Election Commission. Simply log into Settings & Account and select "Cancel" on the right-hand side. Sumner Redstone built a media empire. Now, its future is uncertain. CBS trails far enough behind to be a relative afterthought. Lawyers and bankers have been hired. Meanwhile, the media industry was rapidly consolidating. Sumner Redstone | Biography & Facts | Britannica Behind the scenes, Redstone was instrumental in refreshing the CBS board by bouncing veterans who were friends of her fathers. If she refused, he wrote, he would not allow her or her children to attend his funeral or in any way be involved in his burial arrangements.

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