Paramount World CEO Bob Bakish noticed his whole compensation dip barely in 2023, to $31.3 million from $32 million within the prior 12 months.
The most recent figures have been disclosed Monday in an SEC submitting.
The subsequent-highest tally amongst prime execs was for CFO Naveen Chopra, who collected $8 million, up from $6.5 million in 2022.
Bakish’s wage was $3.1 million and he was given a inventory award of $15.5 million and one other $12.4 million by way of the corporate’s non-equity incentive plan.
Together with govt compensation, the submitting revealed the June 4 date of the corporate’s annual shareholder assembly. The assembly, which has seen greater than its share of drama in recent times, might be one other supply of intrigue as controlling shareholder Shari Redstone considers various M&A choices. 4 members of the corporate’s board of administrators, who would usually have taken half within the assembly, lately introduced they won’t run for re-election.
Bakish’s wage had been disclosed in a earlier submitting, together with the scenario with the board.
Paramount is at present in an unique 30-day unique negotiating window with David Ellison’s Skydance Media for a deal that’s up to now deeply unpopular with most traders. The window ends Might 3, a month earlier than the annual assembly. Early studies of the exit of administrators appeared definitely associated to the talks however it wasn’t clear how. Many took the departures as an indication that the exiting board members, loyal to non-executive chair Shari Redstone, couldn’t be seen rubber-stamping a deal that shareholders opposed and that, if accepted, would result in litigation.
The 4 board members who aren’t working for re-election embrace Redstone’s legal professional, Robert Klieger; former Spotify and Condé Nast govt Daybreak Ostroff; former Sony Footage Leisure President Nicole Seligman; and banking exec Frederick Terrell. The 4 departing administrators every took house between $282k and $409k apiece final 12 months for his or her time on the board.
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