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Bob Bakish's $69.3M Severance Amid Paramount Merger Talks

4/25/2025

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Summary

Story summary

Bob Bakish walked away with a staggering $69.3 million severance after his dismissal as CEO of Paramount Global in April 2024, bringing his total compensation for the year to an impressive $86.96 million. In the wake of his departure, Paramount formed a three-person "Office of the CEO" and is now on the edge of securing FCC approval for its ambitious $8 billion merger with Skydance Media.

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Story summary

Bob Bakish walked away with a staggering $69.3 million severance after his dismissal as CEO of Paramount Global in April 2024, bringing his total compensation for the year to an impressive $86.96 million. In the wake of his departure, Paramount formed a three-person "Office of the CEO" and is now on the edge of securing FCC approval for its ambitious $8 billion merger with Skydance Media.