Hey Fools, welcome to Industry Focus, the podcast it dives into a different sector of the

stock market every day. It is Tuesday, May 31st, so consumer and retail is on Tap.

I am your host Vincent Shen and I hope all of our listeners were able to enjoy their long

weekends.

I'm joined today by Fool.com Contributor Daniel Klein who is calling in remotely from Connecticut.

Dan, very, very happy to have you on the show. a

very very happy to have you on the show. How is your memorial day?

Oh not so bad, happy to be back.

Awesome. So jumping right into it and our topic really our main topic of the day back in early April

Sean and I had discussed some of the high-level drama at Walt Disney when Thomas Staggs, who was then the chief operating officer of the company,

and who appeared to be the natural choice to replace CEO Bob Eager after his retirement.

He ended up actually resigning rather abruptly and he threw the established

succession plan into question. So there were some reports that touched on the

behind-the-scenes conversations that may have been happening among the management team and Board of Directors. the for about a quarter century. So this kind of corporate drama is really surprisingly not that uncommon

among even some of the world's largest publicly traded companies and today Dan and I will be

looking at the scene that's currently unfolding at Viacom.

So just to give our listeners some high level perspective of the story here, the settings

Viacom, which has suffered about a 45% decline in its share price over the past two years,

the company operates via two primary segments, its media networks.

So think about channels like Nickelodeon, Comedy Central, MTV, Spike, and then also

its filmed entertainment business with Paramount Studios and you know they have some

pretty well-known franchises like Mission Impossible and Transformers.

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