Paramount Sets Pay For Top Executives As Merger Closes

The new Paramount has laid out the employment contracts for its executive team led by chairman-CEO David Ellison and President Jeff Shell. Both are starting today as the Skydance-Paramount merger closes with five year contracts that carry 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 that vests over five years under the company’s long-term incentive program. Andrew Brandon-Gordon, EVP, Chief Strategy Officer and Chief ...