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Four Paramount Global Board Members to Exit Amid M&A Talks
Bob Bakish, CEO of Paramount Global, saw his overall compensation for 2023 drop 2.4%, to $31.26 million.
The four directors — Dawn Ostroff, Nicole Seligman, Frederick Terrell and Rob Klieger — will not stand for reelection at Paramount Global’s annual meeting, set for June 4. The board proposed the election of seven directors, all of whom are current members — CEO Bob Bakish, along with Barbara M. Byrne, Linda M. Griego, Judith A. McHale, Charles E. Phillips, Jr., Shari Redstone and Susan Schuman. Bakish and his senior team “continued the disciplined execution of our strategy to deliver world-class content that drives advertising, subscription, and licensing revenue streams, creating value for our partners and shareholders,” the committee said.
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