Redstone says he relies on his instinct - The Boston Globe




      Sign In | Register Now
      Markets    Your Money    Technology    Healthcare    Columnists    Latest 
      news    Message Boards    Small Business

        Home > Business 
       
      Redstone says he relies on his instinct
      By Jenn Abelson, Globe Staff  |  September 19, 2007
      Media mogul Sumner Redstone, in a speech yesterday to Boston University 
      law students, said, "Money, and I mean it sincerely, has never motivated 
      me. The passion to win has motivated me." Redstone, the octogenarian head 
      of the family's entertainment empire that includes Viacom Inc., CBS Corp., 
      and National Amusements, said he was making the equivalent of $1 million 
      in today's dollars at a law firm when he left to join his dad's drive-in 
      movie business in the 1950s (making about one-20th as much).
      Article Tools
        Printer friendly 
        E-mail to a friend 
        Business RSS feed 
        Available RSS feeds 
        Most e-mailed 
        Reprints & Licensing 
        Share on Digg 
        Share on Facebook 
         Save this article 
        powered by Del.icio.us 
      More:
        Business section | 
        Latest business news | 
        Globe front page | 
        Boston.com 
        Sign up for: Globe Headlines e-mail | Breaking News Alerts Redstone said 
      he listens to Wall Street, but at the end of the day, he goes with his 
      instincts - a decision that led him to buy struggling Viacom in 1987. 
      Today, he says, Viacom is the company's most powerful asset. Redstone, who 
      graduated from Boston Latin School and taught a law course at BU in the 
      1980s, said "Boston is home to me. It's my heart, my history, and of 
      course, as I'm frequently reminded, my accent."
      His visit follows a summer of discontent when family clashes over 
      succession, corporate governance, and the future of the cinema chains with 
      his daughter, Shari Redstone, who runs National Amusements in Dedham, 
      spilled into the public. In his remarks yesterday, Redstone mentioned his 
      daughter twice, saying only, "I'm proud to say that my daughter is a BU 
      law school graduate."
      Nancy Sterling, a representative for Shari Redstone, attended yesterday's 
      event. She said the father and daughter recently saw each other at the 
      wedding of Shari Redstone's daughter over Labor Day, and that Shari 
      Redstone hopes to resolve the matter privately.
      Jenn Abelson can be reached at abelson@globe.com.
      © Copyright 2007 Globe Newspaper Company.
      More from Boston.com
       
                    Ads by Googlewhat's this?

                  Redstone
                  Get the Scoop from Travelers Who Know Redstone!
                  www.TripAdvisor.com
                  Are you Sumner Redstone?
                  It's Scary Accurate To See What Celebrity You Are. Find Out 
                  Now!
                  www.CelebrityOrJoe.com
                  Finest Rubies Site
                  Finest Burmese Rubies Custom made ring
                  www.Twin-Diamonds.com


      More:
        Business section | Latest business news | Globe front page | Boston.com 
        Sign up for: Globe Headlines e-mail | Breaking News Alerts Advertisement

      Latest business news
       CarMax lowers fiscal 2008 guidance 
       Ahead of the Bell: Best Buy 
       Mexican billionaire opens health center 
       CarMax 2nd-quarter profit rises 
       PetroQuest plans Series B stock offering 
       More business news 
      BOSTON.COM'S MOST E-MAILED

        Got Crocs? Be careful on the escalator
        Crib bumpers can do more harm than good - US study
        Man, 90, pulled from mountain of clutter
        School cheating scandal divides N.H. town
        Escalator, soft clog incidents raise parent concerns
      See full list of most e-mailed
      SEARCH THE ARCHIVES
           
      All Globe stories since 2003 are now FREE
      Today
      YesterdayPast 30 days
      Last 12 monthsSince 1979 More search options  
      Advertisement 

       Mesothelioma Lawyer for those exposed to Asbestos.
      We’ve won millions for clients.
      http://www.weitzlux.com/


       Get 50% off Boston Globe home delivery. 
      Order now!
      www.bostonglobe.com/articlelink 
       

      Advertisement

        Printer friendly E-mail to a friend 
        Business RSS feed 
        Available RSS feeds Most e-mailed Reprints & Licensing 
        Share on Digg 
        Share on Facebook 
         Save this article 
        powered by Del.icio.us 

            Discover OTTAWA, Canada’s city of surprising contrasts. 
            Click Here for More Information 
            Check out Boston Fashion Week Events and Photos 
            Get discounted tickets to the events you love! 

            More than 50,000 cars locally.
            Find yours.
            Let your new home find you with email alerts 

      feedback form | help | site map | privacy policy | rss 
      © 2007 The New York Times Company