CBS Establishes Succession Plan, CEO Moonves To Become Chairman

by Benzinga Staff
December 22, 2015 8:40 AM | 1 min read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

According to a report by

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Bloomberg, CBS Corporation (NYSE: CBS)'s CEO Leslie Moonves would take over as Chairman of the Board following the death of 92-year old Sumner Redstone.Redstone currently serves as Chairman on both CBS's and Viacom, Inc. (NASDAQ: VIAB)'s Boards and controls the majority of voting shares of both companies.Bloomberg noted that the new arrangement "lessens the potential for discord" over succession at CBS. The publication added that both Moonves and Viacom's CEO Philippe Dauman have employment contracts that allow both of them to step down from the company with millions of dollars in severance if they are not appointed to Chairman upon the death or departure of Redstone.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Posted In: NewsCBSLeslie Moonvesphilippe daumanSumner Redstone

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