Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Multichannel News
Multichannel News
Business
Jon Lafayette

CEO Bob Bakish's Pay Slipped to $31.3 Million as Paramount Nears Takeover

Bob Bakish.

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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.