Today, Paramount announced Bob Bakish was stepping down from his role as CEO and from its board of directors. The news came amid ongoing exclusive acquisition talks with Skydance Media and ahead of the company's first-quarter earnings call, which Bakish wasn't expected to join. In the CEO's absence, Paramount Global has established an "Office of the CEO," led by George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount...
Outgoing Wipro CEO Thierry Delaporte is set to get a separation payment of Rs 92.1 crore (or about $11 million) after his ahead-of-schedule exit from India's fourth-biggest outsourcing company, joining a swelling list of top executives in the country's most globalized industry to have inked iron-clad job contracts that guarantee hefty severance packages. Pursuant to the terms of the employment arrangement with Mr. Delaporte, if his employment is terminated by the company without a cause, the...
Fibre network infrastructure provider Zayo Group has appointed Colman
Paramount (PARA, PARAA) is reportedly in advanced talks for its potential merger with Skydance, while the media company's CEO Bob Bakish is planning his departure. Third Bridge Group Sector Analyst Jamie Lumley joins Market Domination Overtime to discuss the outlook for this deal. Lumley highlights that the timing of the CEO transition "could potentially weigh on" whether the deal will go through. Examining Paramount's fundamental operations, Lumley notes that the company is trying to find the...
LONDON, April 19, 2024--Zayo Group, a leading global provider of network infrastructure, has appointed Colman Deegan as its new CEO of Zayo Europe to drive the business’ growth as cloud and AI adoption continues across the continent. This appointment is effective as of April 16, 2024.
Nordstrom’s CEO Erik Nordstrom and President Pete Nordstrom have told the retailer’s board that they’re interested in taking the company private. As a result, the board has formed a special committee of independent and disinterested directors that will evaluate any proposals from those executives and from other parties, the company said in a Thursday (April 18) press release. The […]
Seven West chief executive James Warburton has jumped ship early after a scandal-plagued tenure in which the media conglomerate lurched from one PR disaster to the next. Mr Warburton announced his intention last year to step down from the role he has held for half a decade. His departure was slated for the middle of […]
American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.
Paramount Global Chief Executive Bob Bakish is expected to be ousted from the company, according to two sources familiar with the matter. Bakish's departure comes as Paramount's future hangs in the balance. The company is currently in a 30-day exclusive negotiating period with tech scion David Ellison, whose Skydance Media has teamed up with investment firms RedBird Capital and KKR to acquire Paramount controlling shareholder Shari Redstone's National Amusements holding company. That exclusive...
23andMe CEO Anne Wojcicki is considering a proposal to take the genetic testing company private.
Mike Roman crossed a lot of billion-dollar items off his to-do list in his
Mike Roman crossed a lot of billion-dollar items off his to-do list in his