Bob Bakish Expected to Resign as Paramount CEO Amid Skydance Merger Talks
It's expected once a merger between Skydance and Paramount closes, David Ellison would become CEO, and there's been no illusion that Bakish would have a role in the new company. Bakish does however have a golden parachute in place worth up to $50 million.
He was once a staunch ally of the company’s biggest owner, Shari Redstone, but the relationship soured in recent months.
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