Sumner Redstone On Succession Plans

by Heather

It comes as no surprise that Sumner Redstone is thinking about a succession plan for his company National Amusements; the parent company of Viacom (NYSE:VIA) and CBS. (NYSE:CBS)

Currently his daughter Shari Redstone serves as President of National Amusements.

Sumner Redstone says that even though he believes that Shari is adept and most qualified for his succession, he’ll trust his board members to decide when the day comes.

Sumner says he doesn’t believe that day is coming anytime soon.