Redstone received 32.2 million votes for her election to the board, the lowest out of the six candidates, while also getting the most votes against her...
- Paramount Global controlling shareholder Shari Redstone received the fewest votes among other directors in the company's board election, a filing on Friday showed.
Paramount's annual shareholder meeting was held on Tuesday where the company's co-CEOs put forth a restructuring plan that included $500 million in annualized cost cuts, potential asset sales and a possible joint venture or other partnerships for its Paramount+ streaming service. Skydance CEO David Ellison reduced his initial $2.5 billion offer for National Amusements, which holds the Redstone family's Paramount stake, to provide additional cash for the company's nonvoting shareholders, Reuters reported on Tuesday, citing sources.TFSA: 4 Canadian Stocks to Buy and Hold Forever
Paramount Global David Ellison
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