Business

Redstone Has a $187 Million Reason Not to Push CBS’s Moonves Out

Photographer: Patrick T. Fallon/Bloomberg

If Leslie Moonves’s CBS Corp. can’t agree on a deal with Viacom Inc., Shari Redstone still has as many as 187 million reasons to keep the media boss around.

That’s based on the payout that Moonves would stand to collect if his contract is terminated before it expires. Redstone, the controlling shareholder of both companies and the catalyst for renewed negotiations, has the power to oust management to get the merger she wants.

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