Departing Paramount Global CEO Bob Bakish’s exit package is estimated to top $50 million, highlighting a stockholder proposal up for a vote this spring that, if adopted, would require shareholder approval of golden parachutes.
Shareholders are targeting nearly two dozen Russell 3000 companies with similar proposals this proxy season, and observers said investors’ focus on exit packages should lead boards to review their own executives’ severance plans.
…Some 21 Russell 3000 companies have proposals on golden parachutes up for a vote this year, according to data from public company intelligence provider MyLogIQ. That’s about half the number of proposals from last year but still far above historical averages.
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