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Real-life “Succession”: Jim Stewart on Sumner Redstone’s sordid saga

Channels with Peter Kafka

CHAPTER

Are You Expecting Realistically Boards to Really Challenge CEOs of Public Companies?

The CBS board is blindly ludicrously loyal to Moon Vaz and believes everything he says and does what he wants. What's the AT&T board? Were they just sitting by and watching these billions of dollars go up in smoke? There's no accountability. Do you expect realistically boards to really challenge their CEOs? They have a liability. You often are sued when there's some sort of disaster.

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