Confusion and anxiety reigned at a CBS-Politico joint party today ahead of the annual White House Correspondents’ Dinner, with staffers shocked at news that Bob Bakish, CEO of parent Paramount Global, is set to exit abruptly as early as Monday morning. There have been rumblings about Bakish for days as the company enters the final
Bob Bakish
Maria Kyriacou, Paramount Global‘s President, Broadcast & Studios, International Markets, is exiting the U.S. media giant after four years, as it prepares to slim down its international originals offering. Paramount international boss Pam Kaufman and CBS CEO George Cheeks have emailed staff in the past few minutes announcing the news, stressing that international content strategy
“The notion that the strikes saved the company is wildly overstated,” Bob Bakish said of Paramount today. The Paramount Global boss acknowledged that “the strike is accretive to cash in 2023 and that is true for the [whole] industry” but rubbished the notion of the labor action saving the company, calling it an “overstatement.” “We
Paramount Global’s International CEO Raffaele Annecchino has been placed “on leave,” according to an internal note seen by Deadline. A short statement revealed the exec, who is considered to be a key lieutenant of Paramount President and CEO Bob Bakish in Europe, was no longer in post but provided no further details of the situation.
Total compensation for Paramount chief Bob Bakish dipped to $20 million in 2021 from $38.9 million the year before, which included a hefty stock award. Bakish had a base salary of $3.1 million and non-equity incentive plan compensation (like a cash bonus) of $16.8 million. “All other” reported compensation was $106,800. In 2020, Bakish received
UPDATED: ViacomCBS has become the first major Hollywood film and television conglom to set a January date for all employees to return to the office. ViacomCBS CEO Bob Bakish made the announcement in a company memo last Friday, saying that the “Green phase” of the return-to-office process “will now launch no sooner than January 10,