Sumner Redstone: Viacom Stock to TWO Young Women?
There are reports today that Viacom chief Sumner Redstone gave about $100,000 in Viacom stock to a rocker chick in Los Angeles.
But I can tell you that another young lady, Rohini Singh, was the beneficiary of a Viacom stock sale six days later.
The Redstone gift giving has caused a firestorm in the business pages, gossip columns and blogs. Peter Lauria broke the first story in the Daily Beast online that Redstone had become smitten with an L.A. girl rock group called the Electric Barbarellas. He ordered MTV to start developing a show for them.
Redstone, according to Lauria, then tried to bribe the reporter to find out who snitched on him. Lauria had the bribe on tape, and played it.
Then came the news that Redstone had given Barbarellas singer Heather Naylor about $100,000 in stock last March. He must have really liked that group! That scoop came from the Hollywood Reporter’s dependable George Szalai.
But according to insider transactions filed for Viacom, an insider transaction was made by a Rohini Singh stock just a few days later. The amount of the transaction–registered on March 8, 2010–was $76.745 for 2,522 shares of class B Viacom stock.
It’s unclear where Naylor and Singh know each other. Actor Gregg Bello, pictured here with Singh, says he hasn’t seen Singh in about a year and that she’s not an actress. Singh’s Twitter account is shut down, although she’s following a bunch of celebrities and Hollywood types including Jennifer Meyer Maguire, jewelry designer wife of Toby Maguire.
Someone better tell the Viacom shareholders: stock, like miniskirts, is going up!
Rohini Singh is the Rohini Singh Charity Activist. Perhaps the Rohini Singh the Author.
I had sex with Sumner once. Once.
I do not believe that’s constantly the situation. occasionally possibly, but not constantly
I do not believe you will be appropriate, have you truly checked out the details?
TOTAL OPPORTUNISTS – she’s a small freak. Believe me – I WAS friends w/ her til I moved outta that crazy town. Notice, she never smiles w/ teeth either – odd.
Herb….The Bored? You can’t even spell! who the hell are you to talk??
SALLY, IF YOU WERE A SHAREHOLDER IN CBS AND VIACOM YOU WOULD UNDERSTAND THAT HE IS CAUSING THE SHARE PRICES TO DROP. HE IS A SICK INDIVIDUAL WHO CAN’T GET ALONG WITH HIS IMMEDIATE FAMILY. THE SHOWTIME EPISODE IS A CAUSE FOR THE BORED OF PUPPETS TO TAKE ACTION. HE PUT A FRIEND ON THE CORPORATE PAYROLL AND THE BORED WHO BY THE WAY GET COMPESATED BETTER THAN AVERAGE REAL BOARDS JUST TURN THEIR HEADS. I HOPE AND PRAY WE DON’T HEAR HIS VOICE NEXT WEEK WHEN BOTH COMPANIES HAVE EARNINGS CONFERENCE CALLS.
The scandal might be for shareholder’s of Viacom that are in effect partial “proxy” business owners. If Ms. Singh is not as qualified, talented as other available individuals to fulfill her professional obligations it will impact the organizational efficiency of the company.
As a business owner I would like to have the “best and brightest” employees working for the company, not individuals whose primary qualifications are personal relationships of some nature with senior executives.
What is the scandal? That he gave stock to young girls who could be his granddaughters? Or that he gave stock? If it was his private stock that he gave, no problem….but is there a company restriction against him giving stock?