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As Merger Saga Continues, Paramount Updates Pay Packages For Office Of CEO Trio & Re-Ups Chief People Officer Nancy Phillips

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Paramount Global, which continues to explore its M&A options, has updated the compensation plans for the three execs in the Office of the CEO and re-upped Chief People Officer Nancy Phillips.

Separate SEC filings from the company on Monday laid out details about the various exec contract changes. George Cheeks, CEO of CBS; Chris McCarthy, CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, CEO of Paramount Pictures and Nickelodeon were installed in the Office of the CEO after the ouster of Bob Bakish in April.

The three have jointly run the company since, and last week delivered a presentation at the company’s annual shareholder meeting amid mounting uncertainty about Paramount’s future ownership structure.

As Skydance Media continues to negotiate a full takeover, multiple parties have surfaced as potential acquirers of National Amusements, the Shari Redstone-led entity that controls about 77% of Paramount’s voting shares.

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