Nancy Phillips: Last News

More cash is set to flow for Paramount Global executives as the company said two will each receive bonuses of $1 million when the company’s sale to Skydance closes as part of a “transaction award program.”

Todd Spangler NY Digital Editor Paramount Global is offering $1 million retention bonuses to two top executives, contingent on them remaining with the company through the close of the Skydance Media merger. On Thursday, the media conglomerate — parent of CBS, Paramount Pictures, and cable networks including MTV and Comedy Central — said it was granting the $1 million potential cash bonuses to Doretha Lea, EVP of global public policy and government relations, and Nancy Phillips, EVP and chief people officer.

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.

Bob Bakish, chief executive of Paramount Global, saw total compensation in 2022 of $32 million, up from $20 million the year before.

Paramount, Disney, Netflix, Comcast, Sony and Conde Nast will cover the travel costs for employees seeking abortions following the Supreme Court’s overturning of Roe v. Wade, Variety has confirmed.Disney reached out to employees Friday to state they recognize the “impact” of the Supreme Court’s decision and “remain committed to providing comprehensive access to quality and affordable care” for all Disney employees and their families, which includes family planning and reproductive care, “no matter where they live.”For Disney employees unable to access a medical service, including abortions, in one location, they have a travel benefit that allows for “affordable coverage for receiving similar levels of care in another location.” “Netflix offers a travel reimbursement coverage for full-time U.S.