Viacom OKs $72 Million Payment to Oust Dauman as CEO

Deadline: The war between Viacom CEO Philippe Dauman and the company’s dominant shareholder Sumner Redstone is over. Viacom’s board has approved an arrangement with Dauman giving up his role as CEO but remaining as non-executive chairman until Sept. 13, when he will leave with a $72 million payout.