Paramount’s CEO, Bob Bakish, received a golden parachute worth $ 69.3 million

• Bobwho was expelled as CEO of Paramount last April, received $ 69.3 million as part of its compensation for separation. The package was revealed in a primary file spread by the dry on Friday.

Bob Bakish, the CEO who was dismissed by Paramount in April 2024 amid the contentious Battle of acquisition, was given $ 69.3 million in separation, according to the new SEC files.

According to the agreement, signed on April 29, 2024 but Filed in an 8-k With the dry on April 25: Bakish receipt $ 6.2 million in salary continuation, $ 24.8 million when bonus continuation, $ 10.36 million as Bonus Pro-Ita for 2024, $ 88,160 in insurance continuation, $ 25,000 in travel assistance and $ 27.81 million in acceleration/continuation of capital awards.

Its compensation for 2024 amounted to $ 86.96 million. The previous year received $ 31.3 million.

Bakish went up to the ranks in Viacom from 1997, from the Vice President of Planning and Development to Executive VP of operations in 2004 before becoming the CEO of the company in 2016. He continued in his executive role even after Viacom merged with CBS to form Viacomcbs, now now now Global ParamountIn December 2019.

According to reports, Bakish had a significant fall with Shari Redstone, President of Paramount and CEO of the National Amusuments Theater Chain. Shari, of course, is also the daughter of Sumner Redstone, founder and president of Viacom and President of CBS Corporation who died in 2020, only one year after CBS and Viacom merged. According to The Wall Street JournalBakish, as it would have happened to Shari Redstone on the back when floating a possible streaming agreement Comcast By the beginning of 2024, which Redstone had been before. The two also had fought against the Bakish manipulation of the sale of the Paramount’s Showtime Division; Bakish had rejected several offers, including one of which was about $ 6 billion.

The backdrop of all this, of course, was one of the most dramatic corporate acquisition battles in recent memory, which included offers of Media Skydance by David Ellison and one Joint offer of $ 26 billion since Sound and the giant of private equity Apollo Global Management.

After Bakish leaving the company, Paramount created a “CEO” office of three people. George Cheeks was appointed President and CEO of CBS; Chris McCarthy became President and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; And Brian Robbins was appointed President and CEO of Paramount Pictures and Nickelodeon.

This story originally presented to Fortune.com