ViacomCBS CEO's Pay to Rise to $31 Million After Merger

  • 📰 billboard
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Viacom CEO Bob Bakish will see his compensation rise by about 50 percent once he assumes control of a combined ViacomCBS.

Bob Bakish attends the 2018 MTV Video Music Awards at Radio City Music Hall on Aug. 20, 2018 in New York City.will see his compensation rise by about 50 percent once he assumes control of a combined ViacomCBS.

The final compensation will fluctuate based on performance and stock price. Bakish will also receive a one-time RSU grant valued at $5 million. Bakish's contract will extend for four years from the closing of the deal, and will be subject to one-year extensions. Ianniello, meanwhile, will have a fixed term commencing on the deal's closing date, lasting for 15 months.

The board of ViacomCBS will include six current CBS board members -- Candace K. Beinecke, Barbara M. Byrne, Brian Goldner, Linda M. Griego, Susan Schuman and Frederick O. Terrell -- and four current Viacom board members -- Judith McHale, Ronald Nelson, Charles E. Phillips, Jr. and Nicole Seligman -- as well as Bakish and National Amusements' Robert N. Klieger. Shari Redstone will be non-executive chair of the board.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 112. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

ViacomCBS CEO Bob Bakish's Pay to Rise to $31M After MergerAn SEC filing also discloses steep termination fees if Viacom or CBS calls off the deal. $31m pay raise and VP thinks Americans should be kissing his ass over flat incomes. That's correct💋 Crazy
Källa: THR - 🏆 411. / 53 Läs mer »

Shares of China's Baidu pop over 8% after earnings beat as CEO says 'temporary pain' will pay offBaidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business. When does China get Twitter?
Källa: CNBC - 🏆 12. / 72 Läs mer »