Paramount Global, in the throes of takeover talk, said CEO Bob Bakish received total compensation of $31.3 million for heading the company in 2023, down 2.4% from the previous year.
According to the company’s proxy statement, Bakish’s salary was unchanged at $3.1 million. He received $15.5 million in stock awards and $12.4 million in nonequity incentive plan compensation.
Paramount nonexecutive chair Shari Redstone is reportedly discussing selling National Amusements, the family holding company that controls Paramount Global.
Also Read: Paramount Global Cuts Streaming Losses, Posts Higher Q4 Profit
The potential transaction is not mentioned in the proxy statement.
In the case of a a dismissal following a qualifying change in control, Bakish would receive $64 million in salary, stock options and other payments, according to the proxy statement.
Pay for chief financial officer Naveen Chopra also rose, climbing 23% to $8 million.
