Skydance Media’s upcoming acquisition target, Paramount Global, has revealed details about the compensation packages for its leading executives in 2024, with the trio from the Office of the CEO at the helm.
The business submitted its yearly report detailing the compensation plans for George Cheeks, who serves as both the president and CEO of CBS, Brian Robbins, who holds the same positions at Paramount Pictures and Nickelodeon, and Chris McCarthy, who heads Showtime and MTV Entertainment Studios.
OR
The company released its annual report, revealing the salary structures for George Cheeks (CBS president and CEO), Brian Robbins (Paramount Pictures and Nickelodeon president and CEO), and Chris McCarthy (Showtime and MTV Entertainment Studios CEO).
OR
In their annual report, the company disclosed the pay arrangements for George Cheeks (CBS leader), Brian Robbins ( Paramount Pictures & Nickelodeon leader), and Chris McCarthy ( Showtime and MTV Entertainment Studios leader).
Each of these options maintains the original meaning while using slightly different wording to create variety and enhance readability.
In 2024, Cheeks received a compensation of $22.1 million, Robbins earned $19.6 million, and McCarthy garnered $19.5 million, as stated in the regulatory filing. Together, their compensation packages amounted to over $61 million.
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For 2024, Cheeks, Robbins, and McCarthy were each compensated with $22.1 million, $19.6 million, and $19.5 million respectively, based on the regulatory filing. The total compensation for these three individuals exceeded $61 million.
The remuneration packages for these individuals encompassed their salaries prior to being appointed as co-CEOs, and the variations between them demonstrate the distinct responsibilities within the company’s divisions they manage. The documents suggest that their CEO office-related compensation was $6 million each.
As a gamer, I’d put it this way: “I noticed that the co-CEOs were rewarded bonuses based on achievements such as landing new streaming agreements, enhancing financial flow, and a significant 33% increase in revenue at Paramount+, to name a few.
The proxy disclosed the remuneration for ex-CEO of Paramount, Bob Bakish, who departed from the company last year. Despite leaving, Bakish continued to serve as an advisor until October. According to the report, Bakish’s overall compensation in 2024 amounted to $87 million, which encompassed his earnings prior to departure, his advisory pay, and a severance package worth approximately $69.3 million.
Previously, Paramount Pictures, which is governed by chair Shari Redstone through the holding company National Amusements, dismissed its previous CEO, Bob Bakish, in the previous year. The total compensation for Bakish in 2023 was approximately $31.3 million.
In 2024, Paramount’s shares dropped by 27%, despite the fact that their annual revenue remained almost stable. However, their loss per share increased, while their adjusted earnings showed a rise.
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2025-04-25 23:24