Paramount Executives to Get $1 Million Bonuses After Deal Closes

Paramount Global is promising to pay its heads of government relations and human resources $1 million retention bonuses tied to the pending merger with Skydance Media.

The awards to Doretha F. Lea, executive vice president for global public policy and government relations, and Nancy Phillips, executive vice president and chief people officer, are meant to ensure the successful operation of the company prior to the completion of the transaction, according to a regulatory filing Thursday.

The parent of CBS, MTV and other media businesses is in the process of merging with David Ellison’s Skydance in a ...