Paramount Global CEO Bob Bakish received total compensation of $32 million in 2022, up from $20 million the year before.
According to the company’s proxy filing today, Bakish’s compensation for 2022 included a base salary of $3.1 million (straight from the prior year); $15.9 million in equity awards (up from none in 2021); and compensation for a non-equity incentive plan (eg, a cash bonus) of $12.9 million, compared to $16.82 million in the prior year.
Proxies determine the compensation of a company’s five highest paid executives. They are chief financial officer Naveen Chopra (total compensation of $6.5 million in 2022, up from $4.1 million last year); Christa D’Alimonte, EVP and General Counsel ($5.7 million of $3.2 million); Doretha Lea, EVP Global Public Policy and Government Relations ($2.7 million of $2.1 million); and Nancy Phillips, EVP, Chief People Officer, $3 million from $1.8 million).
In discussing Bakish’s compensation, the board noted his strategic leadership and management of the company “at a time of tremendous challenge and opportunity” as he and his team continued to build scale in global streaming and Paramount+; extensive worldwide distribution; continued to maximize its strength in linear television and film, with CBS maintaining its top position, yellowstone attracted large audiences, and Paramount Pictures released six films, making their first domestic box office debuts in 2022.
The CEO also oversaw “operational efficiencies” and led efforts to “build a high-performing workforce, foster an inclusive workplace and continue to support the diverse communities and audiences we serve,” the trustee said. said.
Paramount Global has scheduled its annual shareholder meeting for May 7.
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