Paramount: Bob Bakish's removal could cost the company 'north of $50M'

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Paramount: Bob Bakish's removal could cost the company 'north of $50M' - Source

) announcement Monday that CEO Bob Bakish is stepping down as the company’s Board, steered by Chair Shari Redstone, continues to pursue a merger with Skydance, is attracting negative criticism from shareholders and market participants who overwhelmingly view the decision as a move against the interest of the company.earlier today, “I’m incredibly grateful for the memories, mentors and friends I’ve made in my 27 years here.

He added that the earnings call which provided no opportunity for analysts to pose questions to the Board further proves that the deal with Skydance makes no sense and that a full and open sale process would result in a better price for shareholders, especially given that the turnaround is seeing results.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 450. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continueParamount Global reports its quarterly earnings Monday.
La source: NBCLA - 🏆 319. / 59 Lire la suite »

Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continueParamount Global reports its quarterly earnings Monday.
La source: NBCPhiladelphia - 🏆 569. / 51 Lire la suite »

Paramount Global CEO Bob Bakish expected to leave the companyParamount Global's Chief Executive Bob Bakish is expected to be ousted from the media giant, according to two sources familiar with the matter. The move comes as Paramount considers its future.
La source: latimes - 🏆 11. / 82 Lire la suite »