From the pinnacles of power by Fortune editor at large Patricia Sellers
Type Size  -  +
February 3, 2009, 1:52 pm

Viacom’s Freston moves on…to Oprah and Bono

Want to read a story about failure and redemption? About sitting at the top of the business world and losing it all suddenly? About discovering that success wasn’t so sweet and finding a better calling?

Check out my hot-off-the-presses profile of Tom Freston. He’s the guy who built MTV and rose to be CEO of Viacom (VIA.B), only to be dumped by Sumner Redstone, Viacom’s owner, on Labor Day 2006. Freston talks for the first time about the firing and his remarkable adventures since. Trotting the globe – Afghanistan, Burma, Rwanda and 30 other countries where your typical ex-CEO wouldn’t tread – he spent two years dodging the press and plenty of powerful people who wanted him to work with them. Hand it to Oprah Winfrey. After a two-year chase, she persuaded him to help her build her new TV network, OWN. Bono also pursued Freston relentlessly. Freston is now helping the U2 frontman on his mission to reduce global poverty and AIDS.

I too chased Freston. It took nearly a year before he agreed to sit down and tell his story to Fortune exclusively. His story, I think, is very much of the zeitgeist – given that lots of fallen bigwigs are now being forced to rethink both career and life purpose. So, in “The Most Wanted Man on the Planet.” , you learn about the man who walked away with $60 million in severance and actually knew what to do with the money. You might learn a few career lessons too.pattie-signature

Stay tuned to Postcards and Fortune.com for more on Freston-video interviews, inside scoop on Oprah and OWN, his Afghanistan adventures, and his fight for public funding of special education that he took all the way to the U.S. Supreme Court.

CNNMoney.com Comment Policy: CNNMoney.com encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNNMoney.com may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNNMoney.com the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNNMoney.com Privacy Statement.
Sheryl Sandberg Sheryl Sandberg: Don't leave before you leave
COO of Facebook
Marlo Thomas Marlo Thomas: Why she gives to kids in need
National outreach director, St. Jude Children's Research Hospital
Carol Bartz Carol Bartz: Just deal with it!
CEO of Yahoo
From CEO to candidateFormer eBay boss Meg Whitman talks about her plans for California. Watch
Paula Deen's American dreamRestaurant entrepreneur and Food Network star shares her life story. Watch
Pattie SellersPatricia Sellers has written some of Fortune's most talked-about cover stories, including "Can Meg Whitman Save California?", Melinda Gates ("The $100 Billion Woman"), "MySpace Cowboys," Martha Stewart ("I cannot be destroyed"), Ted Turner ("Gone with the Wind") and Oprah Winfrey ("Oprah Inc."). And she has broken ground with insightful pieces on career management issues such as ego ("Get Over Yourself!"), and "Charisma: Do You Need It? Can You Get It?" Pattie chairs the annual Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business, philanthropy, government, academia, and the arts. And she has helped oversee Fortune's "Most Powerful Women in Business" cover package since its launch in 1998. She started at Fortune in 1984, covering the big consumer brand companies.
Subscribe to Postcards: RSS feed | email newsletter

Every year Fortune and the U.S. State Department sponsor the Global Women Leaders Mentoring Partnership, which brings rising-star women from developing countries to the U.S. to work closely with participants of the annual Fortune Most Powerful Women Summit - among them CEOs Andrea Jung of Avon, Ann Moore of Time Inc., and Ursula Burns of Xerox.
* : Time reflects local markets trading time.† - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.• Disclaimer
Powered by WordPress.com VIP.