) announcement Monday that CEO Bob Bakish is stepping down as the company’s Board, steered by Chair Shari Redstone, continues to pursue a merger with Skydance, is attracting negative criticism from shareholders and market participants who overwhelmingly view the decision as a move against the interest of the company.earlier today, “I’m incredibly grateful for the memories, mentors and friends I’ve made in my 27 years here.
He added that the earnings call which provided no opportunity for analysts to pose questions to the Board further proves that the deal with Skydance makes no sense and that a full and open sale process would result in a better price for shareholders, especially given that the turnaround is seeing results.
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