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Shari’s Heirloom Sale & Iger’s Peltz Defense

The Redstone family’s 10 percent economic stake in Paramount Global is now worth $1.1 billion.
The Redstone family’s 10 percent economic stake in Paramount Global is now worth $1.1 billion. Photo: Kevin Dietsch/Getty Images
William D. Cohan
December 10, 2023

As someone who has written about Sumner Redstone and his foibles extensively over the years—including the pieces that opened the door for Sumner’s daughter, Shari, to return to the company and to run it with an iron fist—I can’t help but think that Sumner would be more than a little bit dismayed by the potential denouement of the company he assembled so carefully during his lifetime.