Viacom CEO Bob Bakish 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 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. 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.
This will please his mistresses
That's correct💋
Crazy
$31m pay raise and VP thinks Americans should be kissing his ass over flat incomes.
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Source: CNBC - 🏆 12. / 72 Read more »