Ousted Paramount CEO Bob Bakish Received $69.3 Million in Severance

Bob Bakish, a 30-year veteran of Paramount Global, received an extraordinary $69 million golden parachute as part of his severance package after being ousted as CEO in April 2024. His total compensation for 2024 amounted to $86.96 million, including salary, stock awards, and bonuses. Bakish transitioned into an advisory role under the company’s new leadership team, which includes co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins, who each received significant severance packages tied to their roles in the merger process with Skydance Media. The deal remains pending FCC approval due to concerns over media diversity initiatives and other regulatory hurdles.