ViacomCBS has disclosed the compensation for its top executives, in its second proxy filing since its creation via the recombination of Viacom and CBS Corp.
The Redstone family-controlled company said in a regulatory filing with the Securities and Exchange Commission that CEO Bob Bakish received $39 million in 2020, compared with his overall 2019 pay of nearly $36.6 million.
The Redstone family's National Amusements controls about 80 percent of the voting shares of ViacomCBS. Shari Redstone serves as the company's chair.
Bakish, who become permanent CEO of Viacom in December 2016, and his team have focused on growing ViacomCBS' streaming business, including Paramount+ and the advertising-supported Pluto TV.
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