Paramount International CEO Bob Bakish noticed his complete compensation dip barely in 2023, to $31.3 million from $32 million within the prior yr.
The newest figures have been disclosed Monday in an SEC submitting.
The following-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 through the corporate’s non-equity incentive plan.
Together with government 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, could possibly be one other supply of intrigue as controlling shareholder Shari Redstone considers a variety of M&A choices. 4 members of the corporate’s board of administrators, who would typically have taken half within the assembly, not too long ago introduced they won’t run for re-election.
Bakish’s wage had been disclosed in a earlier submitting, together with the state of affairs 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 thus far deeply unpopular with most traders. The window ends Could 3, a month earlier than the annual assembly. Early reviews 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 authorized, would result in litigation.
The 4 board members who are usually not working for re-election embrace Redstone’s lawyer, Robert Klieger; former Spotify and Condé Nast government Daybreak Ostroff; former Sony Photos Leisure President Nicole Seligman; and banking exec Frederick Terrell. The 4 departing administrators every took house between $282k and $409k apiece final yr for his or her time on the board.
