Paramount has set base salaries for its new C-suite executives amid Skydance’s $8 billion acquisition of the media giant. Financial documents filed with the Securities and Exchange Commission show that David Ellison, founder of Skydance and Paramount CEO, will receive a base salary of $3.5 million, along with an annual bonus target of $1.5 million.
Jeff Shell, Paramount president, will also earn a base salary of $3.5 million and a targeted annual bonus of $1.5 million. Chief strategy officer Andy Gordon’s base salary is set at $2.8 million, with a targeted annual bonus of $1.2 million.
Former co-CEOs Chris McCarthy and Brian Robbins will receive payouts of approximately $18 million each, in addition to their 2025 salaries. George Cheeks, now chair of TV media, will remain at Paramount but not receive a severance deal.
In exchange for its stake in Paramount Global, National Amusements Inc. received $1.75 billion in cash. The Ellison family, led by David Ellison, will control the merged company.
Source: https://variety.com/2025/tv/news/paramount-pay-new-ceo-david-ellison-president-jeff-shell-1236481594