Paramount Global has announced changes to the compensation arrangements for its co-CEOs, as per a Form 8-K report filed with the SEC on October 8, 2024. The company's Compensation Committee approved an increase in Chris McCarthy's target annual cash bonus to continue for the duration of his employment, irrespective of his role within the Office of the CEO. This adjustment follows the establishment of the Office of the CEO on May 1, 2024, which includes George Cheeks, Chris McCarthy, and Brian Robbins as co-CEOs. Additionally, McCarthy was granted Restricted Share Units valued at $3.0 million, vesting over three years. Similar compensation changes were approved for the other co-CEOs, George Cheeks and Brian Robbins. These changes are designed to align the executives' compensation with their responsibilities as co-CEOs of Paramount Global.

Paramount Global has announced changes to the compensation arrangements for its co-CEOs, as per a Form 8-K report filed with the SEC on October 8, 2024. The company's Compensation Committee approved an increase in Chris McCarthy's target annual cash bonus to continue for the duration of his employment, irrespective of his role within the Office of the CEO. This adjustment follows the establishment of the Office of the CEO on May 1, 2024, which includes George Cheeks, Chris McCarthy, and Brian Robbins as co-CEOs. Additionally, McCarthy was granted Restricted Share Units valued at $3.0 million, vesting over three years. Similar compensation changes were approved for the other co-CEOs, George Cheeks and Brian Robbins. These changes are designed to align the executives' compensation with their responsibilities as co-CEOs of Paramount Global.