Dauman said in a statement: · viacom ceo philippe dauman will depart the media company with a severance package of $72 million after its board agreed to a settlement ending a series of legal disputes. It was announced on august 19 that dauman would receive a $72m payout from his former employer, concluding what has been a fraught legal battle for control of the us media conglomerate. These steps are invalid and illegal. After months of negotiations, viacom has reached a settlement with its ousted ceo, philippe dauman. · the battle over viacom appears to have ended with ceo philippe dauman reportedly accepting a $72 million severance package. As court proceedings and other facts have demonstrated, sumner redstone now lacks the capacity to have taken these steps. · dauman — who has been a key redstone lieutenant for more than 30 years — will stay on as non-executive chairman until september 13, while chief operating officer tom dooley will become interim. · viacom inc ’s board approved an agreement ending a months-long legal dispute between chief executive officer philippe dauman and controlling shareholder sumner redstone, paving the way for dauman to leave the company, people with knowledge of the matter said. Media giant viacom has announced that its chief executive officer, philippe dauman , has resigned, ending a battle for control of the company that has dragged on for months. Viacom ’s current chief operating officer, thomas dooley, will temporarily replace dauman.
