TITLE

THE KID STAYS IN THE PICTURE

AUTHOR(S)
Gunther, Marc
PUB. DATE
April 2003
SOURCE
Fortune International (Europe);4/14/2003, Vol. 147 Issue 7, p66
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
For evidence of the tensions at the top of Viacom, you only have to look at the contract that Mel Karmazin just signed, keeping him on as president and chief operating officer (COO) of the $24.6-billion-a-year media giant. Under the agreement Karmazin retains day-to-day custody of operations, while Sumner Redstone, the company's 79-year-old chairman and CEO, gets the corporate equivalent of visitation rights. Given all the attention paid to the simmering feud between Redstone and Karmazin, which many expected to end with Karmazin's departure, you might presume that Viacom is suffering.
ACCESSION #
10023507

 

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