David Ellison Set For Cash, Stock Awards Valued At $150 Million After Close Of Paramount-WBD Deal
by OverPotato2322
David Ellison Set For Cash, Stock Awards Valued At $150 Million After Close Of Paramount-WBD Deal
by OverPotato2322
3 Comments
Paramounts way too optimistic, it wont close in Q3 because of international hurdles and the courts
$150M is a shit in the park for the son of a tech centibillionaire.
Biblical levels of greed
Apparently, the COO from RedBird & their Trump admin legal attack dog are getting these cash and stock bonuses as well, lol:
“Paramount CEO David Ellison will receive a $50 million cash award and restricted stock units, or RSUs, valued at $100 million after the company’s merger with Warner Bros. Discovery closes.
In compensation actions “in connection with our pending merger with Warner Bros. Discovery,” the Paramount board said in an SEC filing, Chief Strategy and Chief Operating Officer Andrew Brandon-Gordon will receive a cash bonus of $15 million and RSUs valued at $23 million, and Chief Legal Officer Makim Delrahim $12.5 million each in cash and RSUs.
The cash will be paid in a single lump-sum within 30 days following the close. The RSUs will vest in equal quarterly installments over a five-year period following the close.”
The only upside from this scummy compensation scheme is that Jeff Shell’s own scandal ended his second stint and his own Ellison-engineered financial siphoning.