Sumner Redstone

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Sumner Redstone (2001)

Sumner Murray Redstone (born May 27, 1923 in Boston , Massachusetts , as Sumner Murray Rothstein , † August 11, 2020 in Los Angeles , California ) was an American entrepreneur . Redstone was the majority owner and chairman of the US company National Amusements . Redstone held a majority stake in Viacom and CBS Corporation through National Amusements and was also Executive Chairman (executive chairman of the board of directors) of both companies until 2016.

Life

Sumner's parents were Michael and Belle Rothstein. In 1940 the family name was changed to Redstone. Sumner's father, Michael Rothstein, owned the Northeast Theater Corporation in Dedham , Massachusetts. This company later became National Amusements . Redstone attended the Boston Latin School . He then went to Harvard College , where he received his bachelor's degree . Redstone then did his military service during World War II and was a member of a team that decoded Japanese messages. After serving in the military, Redstone worked in Washington and attended Georgetown University Law School . He moved to Harvard Law School and earned an LL.B. and the Juris Doctor . After graduation, Redstone worked in Washington for the Justice Department and then went into the private sector. After a few years he moved to his father's company, where he rose in the following years. For several decades he was considered one of the most influential decision-makers in the American entertainment industry.

In 1999, after 52 years of marriage, he divorced his first wife, Phyllis Gloria Raphael. They have two children together, Shari Redstone (* 1954), current chairwoman of ViacomCBS , and Brent Redstone (* 1951), who works as a lawyer. In 2002 he married Paula Fortunato, 39 years his junior, for the second time. In 2008, Redstone filed for divorce, which became final in 2009.

In July 2010, Redstone made headlines with a caper around a girls band and Viacom company MTV .

Beginning in February 2016 joined Redstone health reasons from his position as Executive Chairman (executive chairman of the board back) of CBS and Viacom. Before that, he had to undergo a mental aptitude test by court order. He has severe cognitive deficits, is no longer able to speak and write clearly and to make decisions about his own health. He was succeeded by the respective CEOs of the two companies, Leslie Moonves and Philippe P. Dauman . Redstone's daughter Shari Redstone retained her post as Vice Chairwoman. Sumner Redstone received the title of "Chairman Emeritus " of the two companies. In May 2016 Viacom decided to cut his remuneration for his position as "Chairman emeritus". He earned two million US dollars at Viacom in 2015 alone, up from 13 million US dollars the year before.

His estimated net worth was $ 5.2 billion in 2016 , according to Forbes .

Redstone died at his home in Los Angeles at the age of 97.

literature

  • Ken Auletta: The Highwaymen. Harvest Books, 1998, ISBN 978-0156005739
  • Sumner Redstone, with Peter Knobler: A Passion To Win. (Autobiography) Simon & Schuster, 2001, ISBN 978-0684862248
  • Keach Hagey: The King of Content . Harper, 2018

Web links

Individual evidence

  1. ↑ Media mogul Sumner Redstone dies at the age of 97 . In: Jüdische Allgemeine , August 12, 2020. 
  2. ^ Weddings / Celebrations: Paula Fortunato, Sumner M. Redstone, New York Times, April 6, 2003
  3. ↑ cf. "The Highwaymen" by Ken Auletta. Auletta also wrote that Redstone finished his Harvard undergraduate degree in two and a half years.
  4. ↑ a b Sumner Redstone Resigns as CBS Exec Chairman at hollywoodreporter.com, accessed February 4, 2016
  5. ↑ FAZ of July 28, 2010: Media mogul Sumner Redstone: The old man and the girl band , accessed on July 28, 2010
  6. ↑ Redstone Resigns as CBS Chair, Igniting Viacom Speculation at bloomberg.com, accessed February 5, 2016
  7. ↑ http://money.cnn.com/2016/01/23/news/companies/sumner-redstone-mental-exam-viacom/
  8. ↑ http://www.usatoday.com/story/money/2016/05/18/viacom-stop-paying-sumner-redstones-salary/84556566/
  9. ^ Sumner Redstone at forbes.com, accessed February 4, 2016
  10. ↑ Media mogul Sumner Redstone dies at 97 , gloucestertimes.com, August 12, 2020
  11. ↑ John Gapper: LA confidental . Review, in: Financial Times, October 6, 2018, p. L&A 9
personal data
SURNAME Redstone, Sumner
ALTERNATIVE NAMES Rothstein, Sumner Murray (real name)
BRIEF DESCRIPTION American entrepreneur
DATE OF BIRTH May 27, 1923
PLACE OF BIRTH Boston , Massachusetts
DATE OF DEATH August 11, 2020
Place of death Los Angeles , California