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Paramount Global’s George Cheeks Defends CBS Settlement With Donald Trump — Better Than “Being Mired In Uncertainty And Distraction”
Paramount Global co-CEO George Cheeks defended the company's decision to settle litigation with Donald Trump to avoid costs and uncertainty.
Getty The morning after Paramount Global agreed to a $16 million payout to settle Donald Trump ‘s lawsuit against CBS and 6 0 Minutes, co-CEO George Cheeks stepped up to defend the move at the company’s annual shareholder meeting. Look, companies often settle litigation to avoid the high and somewhat unpredictable cost of legal defense, the risk of an adverse judgment that could result in significant financial as well as reputational damage and the disruption to business operations that prolonged legal battles can cause,” he said. The settlement “offers a negotiated resolution that allows companies to focus on their core objectives rather than being mired in uncertainty and distraction, and we issued a statement last night that reflects the agreed terms.”
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