Shari Redstone Moves to Defend Family’s Voting Power Over CBS

Mony
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Shari Redstone fired back at CBS Corp., moving to block the media company’s efforts to strip her family of voting control.

In a power move to protect its position as the media giant’s controlling shareholder, the Redstones’ family holding company dictated a significant change on Wednesday to the rules of how CBS’s board operates. The adjustment would make it nearly impossible for the current directors to be able to water down the family’s voting power.

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