*Picking jaw up off floor*
He could at least have the decency to fire Rather and Heyward so other shareholders might have a chance at recapturing some of their investment.
Hmmm? Could this be construed as insider trading? Dumping his stock because he was aware of the forgeries and the consequences to stock value upon public disclosure.
Beat the rush and dump now
Whoa!
http://www.sec.gov/Archives/edgar/data/813828/000081382804000150/xslF345X02/red370.xml
Here is a list of some analysts that follow Viacom, as well as Viacom Investor Relation contacts. E-mail them with concerns you have about the liberal bias of Dan Rather and Mary Mapes adversely affecting CBS ratings. Also ask them why Redstone is dumping part of his investment by exercising options on 9-14.
The analysts will usually forecast Viacom’s prospects and its attractiveness as an investment. If CBS market share significantly declines, then its prospects are not good.
Be nice. These people are on the outside of Viacom and they do have some influence.
Analysts that follow Viacom
Jessica Reif Cohen - Jessica_Reif@ml.com
Katherine Styponias - katherine_styponias@prusec.com
Spencer Wang - spencer.wang@jpmorgan.com
Henry Ellenbogen - henry_ellenbogen@troweprice.com
Stacey Widlitz - swidlitz@fulcrumgp.com
John Hill - john.hill@schwab.com
Viacom Investor Relations Contacts
Carl D. Folta - carl.folta@viacom.com
Susan Duffy - susan.duffy@viacom.com
Martin Shea - marty.shea@viacom.com
James Bombassei - james.bombassei@viacom.com
Nah, Howlin, ya gotta treat your jaw better than that [g]. It was a tiny fraction of Redstone's holdings in Viacom. It may have been a programmed sale -- one set up in advance to occur according to stock price. Do we know that Redstone was informed about CBS's planned story? He wouldn't necessarily have been. And if he had, and was worried about the effect on stock price, why didn't he spike the damn story? Did danrather threaten to quit?
These superrich guys should and often do strive to diversify their holdings for estate reasons.