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Shari Redstone shot back at CBS Corp. in court Tuesday, alleging that CBS Chief Executive Leslie Moonves gave the CBS board an "ultimatum" that he would resign unless directors voted to strip her family of voting control...
Today's reactive complaint from NAI was not unexpected.
NAI had determined that it no longer supported a merger
Ms. Redstone's issue with Mr. Gifford is that he has always operated by an entirely different definition of what it means to be an independent director -- namely to act in the best interest of all CBS shareholders.