The brand new Paramount has laid out the employment contracts for its govt staff led by chairman-CEO David Ellison and President Jeff Shell.
Each are beginning right this moment because the Skydance-Paramount merger closes with 5 yr contracts that carry an annual base wage of $3.5 million, a goal bonus of $1.5 million, and a one-time restricted inventory grant valued at $75 million every that vests over 5 years below the corporate’s long-term incentive program.
Andrew Brandon-Gordon, EVP, Chief Technique Officer and Chief Working Officer, is coming in with a base wage of $2.8 million, a goal bonus of $1.2 million, and a one-time restricted inventory award valued at $60 million.
Outgoing Paramount World executives together with Brian Robbins and Chris McCarthy will acquire severance payouts. An earlier SEC submitting had set funds “upon termination and different occasions” totaling $18.3 million for McCarthy and $18.6 million for Robbins.
That’s on high of their 2024 pay. George Cheeks, who’s staying with the brand new firm, McCarthy and Robbins collected $22.2 million, $19.5 million and $19.6 million, respectively for final yr. The trio labored as co-CEOs since April when former chief Bob Bakish exited within the midst of deal talks.
The Paramount-Skydance merged closed formally earlier right this moment.
