Viacom investors pay CEO's legal bills in Redstone spat

Viacom Inc disclosed on Friday it would foot the bill for embattled CEO Philippe Dauman's legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the executive's potential departure. The disconnect demonstrates the complicated corporate governance challenge Viacom's board is facing in the battle for control of Redstone's $40 billion media empire, which includes CBS Corp and Viacom, investors and corporate governance experts said. "I don't think it's appropriate to