Paramount CEO Bob Bakish’s Pay Rises to $32M in 2022, as Firm Provides Daybreak Ostroff to Board

Paramount International CEO Bob Bakish noticed his complete compensation rise in 2022 to $32 million.

The corporate filed its annual proxy assertion Friday afternoon, disclosing the pay bump. Bakish’s compensation package deal totaled $20 million in 2021. The leap in pay in 2022 was on account of a $16 million inventory awards grant. His wage remained unchanged at $3.1 million

However Paramount additionally revealed that it plans to carry Daybreak Ostroff into its fold as a member of the board of administrators. Ostroff most just lately led content material for Spotify, and earlier than that helped launch The CW community for CBS (now part of Paramount) and Warner Bros.

“We’re thrilled to welcome Daybreak to Paramount’s board at such an thrilling second in our evolution,” mentioned Shari Redstone, Chair of Paramount’s board of administrators, in an announcement. “We imagine her management, various experience in content material technique and her lengthy observe file of driving transformation will show invaluable as we search to proceed constructing on the success of Paramount’s world multiplatform technique.”

Candace Beinecke and Ronald Nelson is not going to stand for reelection as administrators.

Different Paramount executives additionally noticed their pay packages rise, with CFO Naveen Chopra incomes $6.5 million, up from $4 million in 2021, and govt VP Christa D’Alimonte incomes $5.7 million, up from $3.2 million a yr earlier.

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