Who will inherit one of the biggest media companies in the United States? For Sumner Redstone, 89, who heads up an entertainment empire which includes Viacom, CBS and Paramount Pictures, that question remains up in the air.
Redstone’s daughter, Shari (pictured), who now serves as president of Viacom-owned National Amusements as well as vice-chairwoman of CBS Corp and Viacom, is one possible candidate — but she’s no sure thing. Despite her lofty position in the company, her relationship with her CEO-father has been a rollercoaster ride. The pair were embroiled in a very public feud after Shari fought for Sumner Redstone to name her chairman and controlling shareholder of Viacom and CBS after her father’s death. Sumner Redstone reportedly threatened to oust Shari from the company altogether.
She eventually backed down. Though the pair have since reconciled, Sumner Redstone still refuses to guarantee Shari ascendancy. Another obvious candidate for the position is Viacom CEO Philippe Dauman.
“[Philippe] knows that Shari might be my successor… it's not a competitive race between them. We have to see what happens” Redstone told the Wall Street Journal.
But it doesn’t take a crystal ball to realise Redstone may be playing the two against one another to see who works hardest in the company. "Competition brings out the best in any CEO," Mr Redstone said. "I encourage them to compete." (Getty)