The two reconciled in recent years as his health declined. In a statement Wednesday, Shari Redstone said, “Through it all, we shared a great love for one another and he was a wonderful father, grandfather and great-grandfather. I am so proud to be his daughter and I will miss him always.”, got married, raised three children, baked cookies and worked as a criminal defence lawyer at a small Boston firm.
Five years later, Midway filed for bankruptcy, leaving the headstrong mogul and his headstrong daughter with one less thing to fight about. By then, though, tensions were mounting. Sumner Redstone, who once told a reporter that his daughter was “the love of my life,” dangled the possibility of her winning control of his empire – only to pull back when she seemed to be gaining power and influence. The two often clashed over executive compensation and board member selection.
Shari Redstone, leader of ViacomCBS. A period of estrangement between Shari Redstone and her combative father, Sumner Redstone, ended with a reconciliation before his death. Photograph: New York Times In 2006, Shari Redstone became nonexecutive vice chairwoman of both CBS and Viacom. The next year, the succession tussle went public when Sumner Redstone told a reporter that he wanted the CBS and Viacom boards to choose his successor. He called his daughter “a credible candidate” while also floating the notion of buying her out.
In 2008, he announced that his daughter would leave the boards of Viacom and CBS. For good measure, he said she “isn’t qualified” to fill his shoes. His daughter did not wither. She cast the sole vote against his plan to renegotiate $800 million in debt. She refocused her attention on