View Single Post
Old 05-02-2024, 18:36   #2226
Hugh
laeva recumbens anguis
Cable Forum Team
 
Hugh's Avatar
 
Join Date: Jun 2006
Age: 68
Services: Premiere Collection
Posts: 43,759
Hugh has a golden auraHugh has a golden auraHugh has a golden aura
Hugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden aura
Re: Streaming services news, offers and general chit chat

Quote:
Originally Posted by TimeLord2018 View Post
In November Paramount introduced a change of control severance pay for their top executives, says it all really.
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).
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/
__________________
Thank you for calling the Abyss.
If you have called to scream, please press 1 to be transferred to the Void, or press 2 to begin your stare.

If my post is in bold and this colour, it's a Moderator Request.
Hugh is offline   Reply With Quote