Paramount Sets Pay For Top Executives As Merger Closes

Executive Compensation - The new Paramount has established employment contracts for its executive team, including chairman-CEO David Ellison and President Jeff Shell, with five-year contracts featuring an annual base salary of $3.5 million, a target bonus of $1.5 million, and a one-time restricted stock grant valued at $75 million each [1] - Andrew Brandon-Gordon, EVP, Chief Strategy Officer and Chief Operating Officer, will receive a base salary of $2.8 million, a target bonus of $1.2 million, and a one-time restricted stock award valued at $60 million [2] Severance Payments - Outgoing Paramount Global executives Brian Robbins and Chris McCarthy will receive severance payouts, with previous SEC filings indicating payments totaling $18.3 million for McCarthy and $18.6 million for Robbins upon termination and other events [2] - The trio of George Cheeks, McCarthy, and Robbins collectively earned $22.2 million, $19.5 million, and $19.6 million, respectively, for the previous year [3] Merger Completion - The merger between Paramount and Skydance has officially closed, marking a significant transition for the company [3]