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Paramount Global Sweetens Golden Parachute for Co-CEOs
The “Office of the CEO” just got additional bonuses — and the security of knowing that if they’re demoted they can take their pay and walk away without a hit.
The executives that comprise the “Office of the CEO” at Paramount Global are getting a sweetened deal to stick around during the limbo ahead of the company’s merger with Skydance Media, which isn’t expected to close until sometime in the first half of 2025.
That Paramount co-CEO trio — George Cheeks, Chris McCarthy and Brian Robbins — were earlier granted a 2X multiple of their unspecified annual salary, as well as other benefits. Now the company, in a securities filing disclosed on Tuesday, says that pay increase will continue to apply during duration of employment at the company, even if the executives are no longer part of the “Office of the CEO.”
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