Re: Viacom/Sumner Redstone

["A. Joseph Ross" <lawyer@attorneyross.com>]

On 4 Feb 2002 at 7:33, Mark wrote:

> Sumner will never be able to fire Karmazin. He doesn't have
> that much pull with the board members.  The 18-member
> board needs 14 votes to dismiss Mel. There are 8  members who 
> came over from CBS/Infinity(Sumner wanted 10-8 board split when CBS
> and Viacom merged in '99). Even by some chance all 10 Viacom
> board members were going to vote to oust Mel,
> there's absolutely no chance that 4 out of 8 CBS members would 
> ever be in favor to remove Karmazin.

But apparently, Sumner doesn't plan to remove Karmazin, just not renew 
his contract when it expires.  The rules for firing and the rules for not 
re-hiring may be different.  Sorta like impeaching a President or not re-
electing him.

-- 
A. Joseph Ross, J.D.                           617.367.0468
 15 Court Square, Suite 210                 lawyer@attorneyross.com
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