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stevek
Ensign
Joined: 12 Sep 2004
Posts: 63
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 Posted: Thu Sep 23, 2004 8:37 pm Post subject: Redstone Vows 'Appropriate' Consequences For CBS News |
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Reacting to the document scandal at CBS News, Sumner M. Redstone, chairman and chief executive of Viacom, CBS' parent, vowed that the results of a recently announced probe would be "appropriate--and the consequences will be appropriate."
Commenting on the upcoming U.S. presidential election, Redstone said that while Sen. John Kerry (D-Mass.) was a "nice guy," the re-election of President Bush would be best for Viacom's interests, since the Administration backed deregulation and other issues that would help the company.
http://www.forbes.com/2004/09/23/cz_sp_0923cbs_print.html
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neverforget
Vice Admiral
Joined: 18 Jul 2004
Posts: 875
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| Posted: Thu Sep 23, 2004 8:40 pm Post subject: |
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John Kerry is not a nice guy, and neither, in my opinion, is Redstone.
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Bystander
PO3
Joined: 25 Aug 2004
Posts: 271
Location: MI
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| Posted: Thu Sep 23, 2004 8:46 pm Post subject: |
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Won't be long before the Kerry campaign will say that in a previous life Redstone was known as Lucy Ramirez!  
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Arty Guy
Seaman
Joined: 20 Aug 2004
Posts: 190
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| Posted: Thu Sep 23, 2004 8:46 pm Post subject: |
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| Nevertheless, you've got to give Redstone credit for coming out publicly for Bush. That was a bit of a surprise. Now we can all have a lot of fun speculating on the meaning of appropriate. Sounds to me like an early retirement party for Rather. |
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BrianC
PO2
Joined: 02 Jun 2004
Posts: 364
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| Posted: Thu Sep 23, 2004 8:49 pm Post subject: |
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What's Redstone so worried about? He's already dumped his stock (illegally, mind you - insider trading) so the claims of "doing something" are laughable.
They'll end up firing some intern.
See this thread as to find out where the forgeries originated:
http://www2.swiftvets.com/phpBB2/viewtopic.php?t=10511 |
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Bean Counter
Seaman Recruit
Joined: 23 Sep 2004
Posts: 6
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| Posted: Thu Sep 23, 2004 10:34 pm Post subject: |
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| BrianC wrote: | What's Redstone so worried about? He's already dumped his stock (illegally, mind you - insider trading) so the claims of "doing something" are laughable.
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It wasn't illegal. Some options on his B Class non-voting stock matured, and he cashed them out for $12 Million. He still has about $3,385 Million in B Class stock left. He also controls 71% of the A class voting stock - worth about $3,168 Million.
The person hurt the most by the CBS fraud is Sumner Redstone, due to the stock price drop. I know it seems bad, but $12 Million to Redstone is is like $600 to someone with $500,000 of total assets.
One of the reasons he mentioned that Kerry "is a nice guy" is that he gave $1k to Kerry's campaign.
From Forbes Magazine:
"Redstone said that while Sen. John Kerry (D-Mass.) was a "nice guy," the re-election of President Bush would be best for Viacom's interests, since the Administration backed deregulation and other issues that would help the company. " |
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Arty Guy
Seaman
Joined: 20 Aug 2004
Posts: 190
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| Posted: Thu Sep 23, 2004 11:58 pm Post subject: |
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| It is correct that Redstone gave $1,000 to Kerry personally...maybe now he would be motivated to balance that with $1,000 to Bush, $1,000 to Ralph Nader, and $1,000 to every other single candidate for president. |
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