Wednesday, July 25, 2007

LOADS OF MONEY (2)

Sumner Redstone in capitalist terms is a very successful man. He is chairman of Viacom and CBS, a conglomerate that includes MTV, Paramount Picture and Comedy Central. He is reputed to be worth $8 billion, but such is the nature of this money-grubbing society he is hardly an enviable character. He has fallen out with his supposed heir, daughter Shari and is entangled in bitter legal wrangles with his son Brent and his nephew over inheritance rights. This 84 year old billionaire has sacrificed his whole life to the acquisition of more and more money to such an extent he has had a satellite dish fixed to the roof of his limousine so he can always be in touch with the stock market prices. This 84 year old can not hope to spend his billions yet spends his few remaining years trying to accumulate more. Capitalism is a crazy society and it makes people behave in a crazy fashion as can be seen from this press comment. "In his palatial home in Beverley Hills, he sits in his study ... watching the stock prices of his companies and, presumably, contemplating yet another round of legal action with a member of his family that could affect who succeeds him when he's gone." (Times, 25 July) RD

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