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Re: Streaming services news, offers and general chit chat
Quote:
Originally Posted by TimeLord2018
In November Paramount introduced a change of control severance pay for their top executives, says it all really.
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https://www.msn.com/en-us/news/polit...cs/ar-AA1keJ4w
Quote:
Those changes adopted by the company's compensation committee cover executives including President/CEO Bob Bakish, Chief Financial Officer Naveen Chopra, General Counsel Christa D'Alimonte, Chief People Officer Nancy Phillips and Doretha Lea, executive VP of Global Public Policy and Government Relations.
In the case of Bakish, he would receive a severance multiple of 3 (vs. 2 for other executives) and a benefit continuation period of 36 months (vs. 24 months for others).
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I wonder if the severance is a multiple of base salary, or includes share options and bonuses?
For instance, in March ‘23, Bakish’ 2022 compensation included a base salary of $3.1 million (unchanged from the year before ); stock awards of $15.9 million (versus none in 2021); and non-equity incentive plan compensation (like a cash bonus) of $12.9 million versus $16.82 million the prior year.
https://deadline.com/2023/03/paramou...on-1235303522/
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