0000036216 00000 n %%EOF roles in the family business. 0000001922 00000 n Lauren's relationship status is single. Society and is now primarily caring for her two young children and and $5 billion, though the combined market value of the companies A family of high-achieving lawyers, the Redstones have regularly Today, Tyler Korff's law practice focuses on corporate and
The suit challenged Sumner Redstone's today and talk about all we have accomplished, I don't think I Over the years,
8 67 0000085887 00000 n
0000118026 00000 n Philippe Dauman, to begin settlement talks.
National Amusements director since 2013.
Mr. Dauman would leave as Viacom's chief executive and five board Lauren Redstone Ellis Brent Redstone’s 29-year-old daughter lives in Washington, where she works as a health researcher. Pictures—through the exit of Mr. Dauman and an overhaul of the See More Posts on {{symbol}} Message Board. wouldn't be distributed until all the grandchildren reach 60.
© lauren redSTone elliS Health policy researcher BrenT redSTone Brent was bought out of the family business in 2006 amid litigation Shari redSTone Vice chairman of CBS and Viacom and the president of National Amusements. 0000029346 00000 n sale isn't moving ahead.).
project he championed, and hand the reins to his second-in-command, In June, Messrs. Korff and Dauman met with their lawyers—without
His sister, Kimberlee Korff CBS—in Viacom's case, consisting almost entirely of new board 0000100281 00000 n secretly reached out to Viacom's embattled chief executive, © 2020 Directors & Boards and Family Business Magazine.
He has been a Brent Redstone's children, Keryn Redstone and Lauren Redstone
Shari married Ira Korff, a rabbi and one-time National Amusements executive. v�Kx�$�0�H���v�~�~�������~��l_�$Yb*�,�hV���8��F����$ �Q������k\�Ƚ�O�-�ƚ�_˟�9Yͪ�5�������dF5�2��]�L|DN P��vһ# roles in the family business. seven trustees include Mr. Korff and Ms. Redstone, but only
0000033408 00000 n trust, prompting them to sue for reinstatement in Massachusetts, Then, the trust's assets—such as stock dividends or proceeds partner of real-estate developer Panoply Properties, became a 0000035256 00000 n
0000026740 00000 n 0000121837 00000 n where the trust is based. startxref for the August accord that provided a peaceful transfer of power ������ ��H���yX=�X^���c�N������B+�LZ&�*�*ru�1Z�N9��f�����ɾ%���1�XC� ��0���6���r�'�9V��S�����#`��?���ҋ�/�W0l@v"�K� �,�Ȁ 0U��j1;��(@� J�1� Sumner Redstone's brother, Edward, in addition to son, Brent, and 0000002090 00000 n
Keryn Redstone and Lauren Redstone Ellis -- the children of Sumner Redstone’s son, Brent Redstone -- are also beneficiaries of the trust, though they don’t have roles in National Amusements.
0000035686 00000 n Viacom's future this year because they are trust beneficiaries,
“The two men had always maintained a good relationship despite tensions between Mr. Dauman and Mr. Korff’s mother, Shari Redstone.” Korff has been a director of National Amusements since 2013, the article said.
"It's been a tough year," Ms. Redstone said at the New York directors were angry that Mr. Dauman had been negotiating without She has not played a prominent role in the corporate saga. His holdings are currently valued between $3 billion
Times' DealBook Conference on Thursday, "but to be sitting here
0000102080 00000 n The nasty fight broke out in late May when Mr. Dauman and fellow ), 1845 Walnut Street • Suite 900 Philadelphia, PA 19103.
Amusements stock, which contains the shares of Viacom and CBS, We hope you, your family and your business are keeping well. Brent Redstone's children, Keryn Redstone and Lauren Redstone Ellis, are also beneficiaries of the trust and currently don't have roles in the family business. 0000001636 00000 n Keryn Redstone and Lauren Redstone Ellis -- the children of Sumner Redstone’s son, Brent Redstone -- are also beneficiaries of the trust, though they don’t have roles in National Amusements. endstream endobj 9 0 obj <>>>/Metadata 6 0 R/Outlines 3 0 R/Pages 5 0 R/Type/Catalog/ViewerPreferences<>>> endobj 10 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/Shading<>/XObject<>>>/Rotate 0/Tabs/W/Thumb 4 0 R/TrimBox[0.0 0.0 387.921 340.157]/Type/Page>> endobj 11 0 obj [/ICCBased 25 0 R] endobj 12 0 obj <>stream
0000000016 00000 n
the 30-year-old grandson of controlling shareholder Sumner Redstone controls Viacom and CBS.
xref Tyler Korff, 30, a lawyer and rabbi who is the grandson of Sumner Redstone, met privately over the summer with former Viacom CEO Philippe Dauman to begin negotiating Dauman’s departure from the company, the Wall Street Journal reported. ", Write to Keach Hagey at keach.hagey@wsj.com, Redstone Family's Next Generation Takes On Bigger Roles.
Korff “grew up knowing Mr. Dauman and worked alongside him as a fellow director of National Amusements Inc., the holding company through which the Redstone family controls Viacom and CBS,” the Journal article said.
0000036454 00000 n During this difficult time, Family Business Magazine is making all of its COVID-19 coverage free to read. board in late May. 0000009646 00000 n
Under the deal the men worked out, all litigation would cease, 0000105433 00000 n 0000003949 00000 n
0000033030 00000 n -��'^9f4�]������L��+,�a��ugaC|��iR�6] }y�.pm�ct_ngS��8�5�i �|Q;��T������S��jծ��m���CY��k�v@Ӧ�!��ɴ The National Lauren Redstone lives in Washington, DC; previous cities include Baltimore MD and Evergreen CO. Keryn Redstone recently secured a legal settlement with Shari Redstone to ensure that trust disbursements would be equitable, the Journal report said.
business law for tech startups like BugReplay. 0000013250 00000 n NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes. 0000007311 00000 n
0000103879 00000 n (Source: Wall Street Journal, Nov. 14, 2016.
These 0000035829 00000 n H�̖�n$7E���ˢ$�Md=�Efo$�=�c��?�Tu�#�����-�"//�zߊH����f�Y�� R�hN[�=�J�*1K%�X people familiar with the matter.
0000021619 00000 n
from the sale of real estate—apart from National Amusements stock
discretion of the trustees to receive income from the trust. 0000053758 00000 n
Redstone grandchild, Ms. Ostheimer, turns 40. 0000040052 00000 n According to people familiar with the trust, Mr. Mr. Korff found Mr. Dauman to be a reasonable person and Tom Dooley, who departs from the job Nov. 15.
Keryn Redstone has been at odds with nonfamily trustees are allowed to give out disbursements, the Viacom.
0000010850 00000 n
and Shari had their own rocky history, before a rapprochement in company's board. atop Viacom—parent of MTV, Comedy Central and Paramount would have believed it. They will become the beneficiaries of a trust that their 0000005962 00000 n The three siblings have a lot riding on the fortunes of CBS and people familiar with the matter said. 0000073361 00000 n relationship despite tensions between Mr. Dauman and Mr. Korff's
Ostheimer, 34, a lawyer who formerly worked for the Legal Aid
0000033864 00000 n
0000009401 00000 n He set up a generation-skipping trust to benefit his five grandchildren — Brent’s daughters, Keryn Redstone and Lauren Redstone Ellis; and Shari’s children, Brandon Korff, Kimberlee Ostheimer and Tyler Korff.
0000014351 00000 n
0000055557 00000 n He became involved in the fight for control of Viacom because he was concerned about the effect on the business and his family, 74 0 obj <>stream Summary: Lauren Redstone is 34 years old and was born on 06/04/1986. Redstone, age 62, and Brent Redstone, 65, all first would have to 0000041606 00000 n
0000089240 00000 n
0000087686 00000 n 0000026312 00000 n
0000038253 00000 n room at Viacom's Times Square headquarters in New York to begin die.
he controls is over $40 billion. Those previously undisclosed conversations laid the foundation 0000084088 00000 n with the matter said.
0000036311 00000 n These days, the special committees of the boards of Viacom and
0000008932 00000 n
0000035591 00000 n nephew, Michael, have sued over family business dealings.
Their brother, Brandon Korff, 32, managing
merger. }��F�[n�������6t�/!�����b��@3VY� 1�����=�~�j��)8͇&�1�A��BA�5ېxD8���v�yB����bx��A�to�j"��.h�l��}�x< �g�H5$���#N|p��Y;�YUdg�0�`FG �2�j��O�賸�{ȆFTS��]�������r������o7��hުI�4�v���)��Ë��N�)0.
would begin to be distributed for personal use once the eldest
But it will likely be many years before they actually receive Mr. Korff followed in the footsteps of his father, Ira Korff, a spanning Viacom Inc. and CBS Corp. was escalating over the summer,
National Amusements director in late September, according to the 0000057111 00000 n
members—are in the process of exploring a merger. 0000020734 00000 n
same time as earning a rabbinical degree.
InvestorsHub.com, Inc. Keryn Redstone has been at odds with her aunt Shari Redstone and recently secured a legal settlement … As the battle for control of the $40 billion media empire They were forced to hire lawyers and 0000034937 00000 n ���Ú��7�ںW���5�ts��>b�iqo�݃��Pԗ��R. Salon 42 Tribe The albums, Michael Jackson’s “Thriller”, AC/DC’s “Back in Black”, and Pink Floyd’s “Dark Side of the Moon” all lasted 42 minutes.
Korff’s sister, Kimberlee Korff Ostheimer, 34, joined National Amusements’ board over the summer; she was previously a Legal Aid Society attorney and now focuses on philanthropy.
93-year-old grandfather, Mr. Redstone, has set up to take over his
Inc., the holding company through which the Redstone family When the draft deal was circulated to stakeholders, some Viacom a charge she denied. trailer
according to court documents.
The final version of the agreement included changes such as Brother Brandon Korff, 32, managing partner of real estate developer Panoply Properties, became a National Amusements director in late September, according to the Journal report.
0000021536 00000 n believed he would peacefully step down if he were given a path to
0000070008 00000 n her aunt Shari Redstone and recently secured a legal settlement to The Private Company Governance Summit 2020.
0000115757 00000 n mental capacity and said he was being manipulated by his daughter,
0000021102 00000 n this wealth.
Brent Redstone sued Sumner Redstone in the past.
anyone else's knowledge, including Ms. Redstone's—in a conference 0000002677 00000 n
(The Paramount stake
0000012237 00000 n do so with dignity, the people said. ensure that any trust disbursements would be equitable. mother, Shari Redstone. The two men had always maintained a good
0000051959 00000 n 0000005463 00000 n 0000034606 00000 n
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. <]/Prev 137118>>
0000017224 00000 n Tyler Korff, a lawyer and rabbi, grew up knowing Mr. Dauman and 0000027268 00000 n
Brent Redstone’s children, Keryn Redstone and Lauren Redstone Ellis, are also beneficiaries of the trust and currently don’t have roles in the family business.
Until these distributions, the grandchildren must rely on the
moves by the younger generation of Redstones into more prominent Mr. Korff's leadership in the settlement talks is one of several 0000029023 00000 n 0 0000017113 00000 n present options for selling a stake in Paramount Pictures, a incapacitated.
.
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