Ousted Paramount CEO Bob Bakish received a golden parachute worth $69.3 million

• Bob BakishAnd, who was expelled as the CEO of Paramount last April, received 69.3 million dollars as part of his compensation in the chapter. The package was revealed in a prominent file revealed by the Supreme Education Council on Friday.

Bob Bakish, CEO, toppled Paramount in April 2024 in the midst of the controversial acquisition battle, was given $ 69.3 million in Severance, and the New SEC exhibition.

According to the agreement-which was designed on April 29, 2024, but it was offered in 8-K with SEC on April 25-Bakish received $ 6.2 million in continuing salaries, $ 24.8 million in continuing rewards, $ 10.36 million as a pro-equality reward in 2024, and $ 88,160 in continuing insurance.

His total compensation for 2024 amounted to 86.96 million dollars. In the previous year, he received $ 31.3 million.

Bakish climbed to Viamom ranks starting in 1997, where he moved from the Vice president for Planning and Development to the Executive Vice President of Operations in 2004 before becoming the company’s CEO in 2016.

According to what Bakish had decreased significantly with Shari Redstone, President of Paramount and CEO of the National Theater series. Shari, of course, is also the daughter of Somner Redston, founder and chairman of the Board of Viacom and CBS Corporation, who died in 2020, just one year after the merging of CBS and Viacom. according to Wall Street MagazineAnd according to what Pakish went behind the return of Shari Redstone in the factors of a potential flowing deal with COMCAST in early 2024, which Redstone was previously against. According to the two killer of Bakish’s killer to sell the Showtime Paramount section; Bakish had fallen into several offers, including one of them was approaching $ 6 billion.

It was the background of all this, of course, one of the most popular companies in the modern memory, which included shows from the media in David Elison Skydance and joint attempts worth $ 26 billion from Sony and GIANT-PRIFATY Global Management.

After Bakish left the company, Paramount created “CEO’s office” of three people. George Shakes has been appointed president and executive director of CBS; Chris McCarthy has become president and executive director of the MTV Entertainment Studios and Media Paramount; Brian Robbins was appointed as president and executive of Paramount Pictures and Nickelodeon.

This story was originally shown on Fortune.com