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As Merger Saga Continues, Paramount Updates Pay Packages For Office Of CEO Trio & Re-Ups Chief People Officer Nancy Phillips
Paramount Global has updated the compensation packages for the three execs in the Office of the CEO and re-upped Chief People Officer Nancy Phillips.
As Skydance Media continues to negotiate a full takeover, multiple parties have surfaced as potential acquirers of National Amusements, the Shari Redstone-led entity that controls about 77% of Paramount’s voting shares. Under that scheme, each exec can qualify for a severance payment of twice their base pay in the increasingly likely event that the company changes hands as well as benefits continuing for 24 months after their departures. For the period they serve in the Office of the CEO, each is also eligible for an annual cash bonus of $2.75 million, though that amount will be prorated in the event of a deal taking effect in less time.
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