The three occupants of Paramount Global‘s Office of the CEO did well for themselves financially in 2024, but by far the biggest payday went to ex-CEO Bob Bakish.
George Cheeks, Chris McCarthy and Brian Robbins collected $22.2 million, $19.5 million and $19.6 million, respectively, according to an SEC filing Friday evening. Bakish took home just shy of $87 million, including about $69 million in severance.)
The compensation figures come as talks are continuing between Paramount Global and the Federal Communications Commission, which is reviewing the Skydance transaction. The FCC has made it plain that it wants Paramount and other media companies to roll back their diversity, equity and inclusion efforts. Reversing the push toward DEI has been a major priority of President Donald Trump and appointees like FCC Chair Brendan Carr. Trump has also filed a $20 billion lawsuit in Texas against Paramount, citing CBS News and 60 Minutes, but Carr has maintained that the FCC review is separate from that case.
Bakish was removed as CEO in April 2024 and the company created the Office of the CEO. Cheeks, McCarthy and Robbins have continued to oversee divisions of the company in addition to fulfilling their Co-CEO duties.
Christa D’Alimonte, who departed last June as EVP and General Counsel, collected $8.9 million in 2024, including about $4 million in severance.
MORE to come …
