Bakish took in $3.1 million in salary and another $16.8 million in bonus money last year. In 2020, Bakish’s nearly $39 million haul was inflated by the value of $16 million in stock awards that he received plus a $19.7 million bonus.
In detailing the executive compensation totals for 2021, Paramount cited in its proxy report that the company successfully launched the Paramount+ streamer (on the back of CBS All Access) in March 2021. It also hailed the management team for having “successfully executed a strategy that shifted our focus to growing the number of global streaming subscribers and increasing global streaming revenue while maximizing revenues from traditional sources to help fund the growth opportunity in streaming.”
More to come