Paramount’s Co-CEOs to Get Paid Even If They’re Not the Boss (1)

Paramount Global’s three co-chief executive officers will continue to receive their improved annual cash bonuses while they’re at the film and TV company, whether they stay as CEOs or not.

The executives also received a $3 million share grant as of Oct. 8, according to a regulatory filing Tuesday. If they are demoted from their current positions, they will be able to resign for “good reason” and collect severance payments.

Chris McCarthy, George Cheeks and Brian Robbins

Photographers: Dave J Hogan, Shedrick Pelt/Getty Images; Gabe Ginsberg/WireImage/Getty Images

Paramount, the parent of CBS, MTV and other media businesses, is in the process of merging with David Ellison’s Skydance Media, an independent film and TV studio. ...