On September 9, 2018, Les Moonves exited CBS following multiple accusations of sexual assault. As contemplated by the Merger Agreement, on December 3, 2019, the board of directors of CBS appointed each of Robert M. Bakish, Judith A. McHale, Ronald L. Nelson, Charles E. Phillips, Jr. and Nicole Seligman (the “New Director Appointees”) to the ViacomCBS Board, effective as of the Effective Time, and on December 4, 2019, Gary L. … You’ll find great shows (and more) on our free-to-air channels (10, 10 Peach and 10 Bold), subscription channels (MTV, Nickelodeon, Nick Jr. and Comedy Central), our digital platform 10 Play and subscription video on demand service, 10 All Access. If CBS were to pull out before that date, it would have to pay Viacom $560 million. Of this total $36,979 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $24 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $66,685 was awarded as stock and $0 … He pulled back initially, discontinuing his invective. Viacom and CBS Announce ViacomCBS Corporate Leadership. Officers CHAIR EVP, Chief Marketing and Sales Officer Cox Communications VICE CHAIR EVP, Marketing, U.S. The disclosure came Monday in a filing with the Securities and Exchange Commission, six days after Viacom and CBS at long last set an all-stock merger agreement valued at around $30 billion. Such a move is highly unlikely as Viacom and CBS controlling shareholder Shari Redstone is in favor of the deal. Ianniello’s deal calls for him to earn $3 million in annual salary, as per the terms of his prior contract. 94.97 KB. Catholic League president Bill Donohue comments on why he is writing to the board of directors of ViacomCBS: Trevor Noah is out of control. Company profile for ViacomCBS Inc. Cl B including key executives, insider trading, ownership, revenue and average growth rates. Breakup fees are always part of the mix when it comes to mergers, but forgive the skeptics in media and on Wall Street if they find this clause to be especially relevant in the case of CBS and Viacom. Read Bio. CBS's board of directors was revamped with people who were open to merging; the re-merger was made possible with the resignation of Moonves, who had opposed all merger attempts. Committee(s): Compensation and Stock Option Committee, Leadership and Corporate Governance Committee Director since 2004. She is a Magna Cum Laude graduate of both Harvard College and Harvard Law School. Board of Directors. He will also receive annual stock grants with a target value of $16 million. Following the merger-absorption of Viacom Inc. in December 2019, CBS Corporation changed its name to ViacomCBS Inc. WarnerMedia Parent AT&T Gets DirecTV Bids Valuing Satellite Broadcaster At Over $15 Billion – Report; Stock Pops, Kevin Hart & Wesley Snipes To Star As Brothers In 'True Story', Netflix Limited Drama Series From 'Narcos' EP Eric Newman, Ryan Murphy, Steve McQueen Set For Career Tributes At IFP Gotham Awards, Will Smith Returns To Snapchat With A Second Season Of ‘Will From Home’, Tribeca Film Festival Adds Pair Of Programmers Ahead of 20th Edition, George Miller’s Tilda Swinton-Idris Elba Pic Underway In Australia; Some ‘Mad Max: Fury Road’ Crew Reuniting, Chris Rock Q&A: His Childhood Inspiration For ‘Fargo’, The “Supreme Court Of Science” America Needs Now & More. If you would like to contact ViacomCBS's non-management directors, you may: e-mail to: nonmanagementdirectors@cbs.com. And The Oscar Producer Job Goes To … Steven Soderbergh, Stacey Sher & Jesse Collins. NFL Veteran Brandon Marshall Builds House of Athlete on $10 Million Personal Investment, Everything You Need To Know Before Getting a Hoverboard for Your Kid. SUCCESS STORIES. Bakish’s new contract runs for four years after the merger closing date. Directors designated by National Amusements, controlling shareholder of Viacom and CBS, will include NAI chief Shari Redstone, who will serve as non-executive chair, Robert N. Klieger, and Bakish. We’re ViacomCBS Australia & New Zealand (Hello! Redstone will serve as chairman of the board. Robert M. Bakish. Retired Partner, Goldman Sachs Group (financial services) Director since: 2009. Of this total $124,457 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $76 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $200,009 was awarded as stock and $0 … An unrelenting bigot, his jokes about Catholic priests are mean-spirited and slanderous. Prior to Recognize, Mr. Phillips served as Chairman of the Board of Directors and CEO of Infor, Inc., an enterprise software applications provider. According to a press release sent to The Root, Charles Phillips (managing partner and co-founder of Recognize; board member of ViacomCBS) has been elected as … The talks had started following rumors of CBS acquiring Starz from Lionsgate. Moonves was ousted in September 2018 amid allegations of sexual misconduct in his past. Networks Distribution ViacomCBS SECRETARY EVP and Chief Marketing Officer Charter Communications TREASURER SVP, Partner Marketing and National Accounts Discovery, Inc. President & CEO CTAM Members VP, Market Development and Product Management CableLabs, … He will receive a one-time stock grant valued at around $19.9 million (based on CBS’ closing price on Monday) in connection with the new contract and merger closing. Officers CHAIR EVP, Chief Marketing and Sales Officer Cox Communications VICE CHAIR EVP, Marketing, U.S. But a few months ago, he started in again, the latest salvo coming on May 18. 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HBO Max Move Signals New Day in Hollywood, Why an All-Streaming Movie World Won't Look Like You Think It Will, HBO Sets Premiere Date for Second 'Euphoria' Special Episode, ‘Father of the Bride’ Starred Dreamy Pasadena Colonial, The Last Word: Werner Herzog on the Beauty of ‘Winnie the Pooh’ and His Trump ‘Fascination’. Of this total $124,457 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $76 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $200,009 was awarded as stock and $0 … Almost a year ago, I contacted Viacom executives about Trevor Noah’s relentless anti-Catholic remarks. But a few months ago, he started in again, the latest salvo coming on May 18. As a member of Board of Directors at ViacomCBS Inc., Shari Redstone made $324,542 in total compensation. Ms Seligman currently serves on the Boards of ViacomCBS Inc., Far Point Acquisition Corporation and MeiraGTx Holdings plc. The Investor Relations website contains information about Avid Technology, Inc.'s business for stockholders, potential investors, and financial analysts. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. 148.6 KB. In a widely anticipated move, CBS and Viacom have agreed to reunite. ViacomCBS Inc. (NASDAQ: VIACA, VIAC) ("ViacomCBS" or the "Company") today announced that Naveen Chopra has been appointed Executive Vice President, … The critical mass of women directors on the ViacomCBS board illustrates the company's strong commitment to diversity in the boardroom. To: ViacomCBS Board of Directors From: Bill Donohue Date: May 20, 2020 Re: Trevor Noah. ViacomCBS Merger; Stock Performance; Dividend Information; Public Debt; Shareholder Services, Alerts, & FAQs; Corporate Governance ; Corporate Governance Guidelines Corporate Governance Guidelines. Name We want to hear from you! Ianniello’s contract runs 15 months from the time the merger closes. Would Cinemas Be Hypocritical Playing Warner Bros-HBO Max Movies After Continual Netflix Rebuff? CBS directors joining the board include: Candace Beinecke, Barbara Byrne, Brian Goldner, Linda Griego, Susan Schuman and Frederick Terrell. Board of Directors Peter M. Westley. ViacomCBS Board of Directors and Committees. Mr. Moore is Chairman of Energizer's Board of Directors and President and Chief Executive Officer of PJM Advisors, LLC, a private equity investment and advisory firm. Read Bio. The filing reveals that Ianniello’s contract to run CBS-branded assets includes a stipulation that he can only be fired or have his duties modified by the ViacomCBS board of directors, even though he reports to Bakish. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Asked in a CNBC interview last week about the payout to Ianniello, Bakish said, “His contract is what his contract is.” Emphasizing the two executives’ 20-year connection, which began when CBS and Viacom were part of the same company, Bakish added, “We are thrilled to be moving forward together. NEW YORK--(BUSINESS WIRE)--Oct. 21, 2020-- ViacomCBS Inc. (NASDAQ: VIAC; VIACA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share on both its Class A and Class B common stock. “The Surviving Corporation Board, by Requisite Approval, will have exclusive authority to remove Mr. Ianniello from his position or modify his duties, authority or responsibilities, subject to Mr. Ianniello’s rights upon termination,” the filing states. The ViacomCBS board includes six former CBS directors: Candace K. Beinecke, Barbara M. Byrne, Brian Goldner, Linda M. Griego, Susan Schuman and Frederick O. Terrell. His latest attack was May 18. Corporate Headquarters. Tricia Griffith, President and Chief Executive Officer, The Progressive Corporation. The responsibility of directors is to act in good faith and with due care so as to exercise their business judgment on an informed basis in what they reasonably and honestly believe to be in the best interests of ViacomCBS and its stockholders. Supplemental Code of Ethics for Senior Financial Officers. The total package of more than $31 million represents a significant hike for Bakish, who made $20 million in 2017 and 2018. Today, Amazon Web Services and ViacomCBS announced that AWS is preferred cloud provider for ViacomCBS’s global broadcast media operations. Director since: 2012 and prior service 2000-2009 Patrick H. Nettles, Ph.D. , Executive Chairman of the Board, Ciena Corporation (telecommunications) Director since: 2004 View detailed VIAC description & address. or write to: ViacomCBS Inc. (f/k/a CBS Corporation) 1515 Broadway New York, NY 10036 Attention: Non-Management Directors - 52nd Floor Dr. Elizabeth M. Daley. Redstone attorney Robert Klieger is also on the board representing the interests of the Redstone family’s National Amusements holding company. Ianniello was in line to make at least $23 million this year under the terms of the short-term contract extension he signed with CBS in April. or write to: ViacomCBS Inc. (f/k/a CBS Corporation) 1515 Broadway New York, NY 10036 Attention: Non-Management Directors - 52nd Floor. Mr. Chopra's annual base salary will be $1,400,000 per year, subject to annual merit reviews by the Compensation Committee of the ViacomCBS Board of Directors (the "Compensation Committee"). ), a division of ViacomCBS International Networks – which in turn is a division of ViacomCBS. The ViacomCBS board of directors will include six CBS directors: Candace K. Beinecke, Barbara M. Byrne, Brian Goldner, Linda M. Griego, Susan Schuman and Frederick O. Terrell; and four Viacom directors: Judith McHale, Ronald Nelson, Charles E. Phillips, Jr. and Nicole Seligman. And we can’t wait to get on with it.”. Meet Our Board of Directors. He will be eligible to receive equity compensation with an aggregate target value of $16 million, plus a target annual cash bonus of $12.4 million, with the actual bonus determined based on a set of formulas. Dean of the USC School of … He’ll earn $3.1 million a year with a target cash bonus of $12.4 million. Despite the changes at CBS and Viacom merger agreement, Ianniello is still entitled to that money but, in exchange, his new 15-month contract that takes effect once the merger closes does not include a severance package. According to a press release sent to The Root, Charles Phillips (managing partner and co-founder of Recognize; board member of ViacomCBS) has been elected as the nonprofit theater’s new chairman of the board of directors.Phillips will succeed Richard “Dick” Parsons, who served on the board since 2015. Representing National Amusements Inc., … ViacomCBS has unveiled the 13 members of its board of directors and details of new employment contracts for president-CEO Bob Bakish and CBS chairman-CEO Joe Ianniello. The companies have said they expect the deal to close by year’s end. Bakish’s 2018 compensation was about $19.9 million. American Express (NYSE: AXP) today announced that Charles Phillips has been elected to its Board of Directors, effective December 1, 2020. As a member of Board of Directors at ViacomCBS Inc., Joseph A. Califano, Jr. made $324,766 in total compensation. About The Brand. President and Chief Executive Officer, ViacomCBS. ViacomCBS delivers premium content to important, diverse audiences through television, streaming and digital platforms, studio production, live events, and more. Currently, Ms. Buggeln serves as a member of the Board for publicly traded Five Below, Inc. and is a member of its Compensation Committee and Nominating and Governance Committee. ViacomCBS Inc. is an American diversified multinational mass media conglomerate and formed through the merger of CBS Corporation and the second incarnation of Viacom on December 4, 2019, which were split from the first incarnation of Viacom in 2006. Media mogul Shari Redstone and other Viacom Inc. directors were accused by a pension fund of selling out the entertainment company’s shareholders by … The new group is a media group organized around 5 areas of activity: Variety and the Flying V logos are trademarks of Variety Media, LLC. EQ Shareowner Services (Transfer Agent) Via USPS P.O. Strauss Zelnick, the media and videogame executive who had served as acting chairman of CBS in recent months, will not be on the ViacomCBS board. Redstone will serve as chairman of the board. Box 64874 St. Paul, MN 55164 … In a widely anticipated move, CBS and Viacom have agreed to reunite. Eight of ViacomCBS's 27-person senior management team are also women. Directors designated by National Amusements, controlling shareholder of Viacom and CBS, will include NAI chief Shari Redstone, who will serve as non-executive chair, Robert N. Klieger, and Bakish… Across the aisle at CBS, former CEO Les Moonves had pay packages close to $70 million in recent years. In the SEC filings, if Viacom were to terminate the deal before May 13, 2020, it would owe CBS $373 million. Keli Lee. ViacomCBS' Non-Management Directors. Mr. Bakish is currently the President & Chief Executive Officer of ViacomCBS. Peggy A. Heeg. ViacomCBS Inc. is an American diversified multinational mass media ... Moonves also considered Bakish a threat because he did not want an ally of Shari Redstone as a board member of the combined company. Under the previous CBS regime, Ianniello’s contract called for him to receive a severance equal to three times his average salary and bonuses for the previous three years if he was not promoted to the top CEO job after Leslie Moonves left CBS. David Katz. To: ViacomCBS Board of Directors From: Bill Donohue Date: May 20, 2020 Re: Trevor Noah. Under the terms of his contract at CBS, Ianniello will get a lump-sum payment of $70 million upon the close of the merger because he wasn’t given the top job. All Rights reserved. Related Story Disney ABC Television Group; Managing Director, International Content, Platforms and Talent ... Chief Human Resources Officer at Nielsen since 2017, while also serving on the Nielsen Foundation’s Board of Directors. Viacom would pay CBS a $373 million fee if it does an about-face on the re-marriage of the companies that were together from 2000 to 2005 but split up again in 2006. March 16, 2016 at 3:04 PM EDT. The dividend will be payable on January 4, 2021 to stockholders of record at the close of business on December 15, 2020.. About ViacomCBS Launch dates for broadcast, cable and streaming programs, Up-to-date lists for broadcast, cable and streaming series, Pandemic-proof vs. pandemic-contingent broadcast lineups, Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. Ianniello’s new contract does not have a provision for any severance payment because Ianniello is already set to receive as much as $70 million as part of a previous contractual commitment. Lawton W. Fitt, Chairperson of the Board, The Progressive Corporation. The $30 billion, all-stock merger is expected to get the blessing of federal regulators by the end of 2019. The disclosure came Monday in a filing with the Securities and Exchange Commission, six days after Viacom and CBS at long last set an all-stock merger agreement valued at around $30 billion. ... Board Of Directors Judith A. McHale. The ViacomCBS Board of Directors has declared a quarterly cash dividend to holders of both the company’s Class A and Class B common stock. Viacom CFO Wade Davis will exit after the close of the merger. … ViacomCBS Merger; Stock Performance; Dividend Information; Public Debt; Shareholder Services, Alerts, & FAQs; Corporate Governance; Viacom Board of Directors Creates New Role of Lead Independent Director; Independent Directors Elect Frederic V. Salerno to Position. Following the merger-absorption of Viacom Inc. in December 2019, CBS Corporation changed its name to ViacomCBS Inc. ViacomCBS Senior Art Director, Brand Creative - Nick Jr. in New York, New York. As of 2020, ViacomCBS's board includes seven women directors, four of whom hold a J.D. The Investor Relations website contains information about ViacomCBS Inc.'s business for stockholders, potential investors, and financial analysts. ViacomCBS has unveiled the 13 members of its board of directors and details of new employment contracts for president-CEO Bob Bakish and CBS chairman-CEO … Christian A. Asmar . As a member of Board of Directors at VIACOMCBS INC, Richard D. Parsons made $103,688 in total compensation. Peggy is on the boards of TC PipeLines, LP and … CBS All Access Adds New Family-Friendly Features & More Nickelodeon/Nick Jr. Of this total $89,000 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $28,257 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $200,009 was awarded as … But the language in the employment contract makes it clear that Ianniello’s fate will be decided by a majority of the 10 independent members of the board. Proceedings and deliberat ions of the Board and its committees are strictly confidential, and Director since: 2016. Managing Partner, Impactive Capital LP. Almost a year ago, I contacted Viacom executives about Trevor Noah’s relentless anti-Catholic remarks. Bob Bakish, who has led Viacom as CEO since 2016 and is in position to lead the combined entity, has been signed to a four-year deal paying him a base salary of $3.1 million per year. We are going to create a lot of value here. Board Committee Charters Audit Committee Charter. 52.5 KB. It has built a diverse, global business by putting kids first in everything it does. The second incarnation of the CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media conglomerate with interests primarily in commercial broadcasting, publishing, and television production which was formed as the legal successor to the first incarnation of Viacom on January 1, 2006. 650 Liberty Avenue Union, New Jersey 07083 908-688-0888 He pulled back initially, discontinuing his invective. Comprised of the most innovative leaders in media, technology, marketing, and advertising, our Board of Directors rallies our … If elected, Parsons would be the board's 14th member and 10th independent director, the company said. Nickelodeon, now in its 40th year, is the number-one entertainment brand for kids. Compensation Committee Charter. In addition to serving on Get Schooled’s Board of Directors, Carl is a member of the Board of Trustees of St. Patrick’s Cathedral in New York City and serves on the Board of Directors of the International Radio and Television Society, and Literacy Inc. Carl graduated from Boston University’s College of Communication in 1980 with a Bachelor of Arts in Public Relations. ViacomCBS also revealed the board members under Shari Redstone, who will serve as chairman of the board: Candace K. Beinecke, Barbara M. Byrne, Brian Goldner, Linda M. … The board has been overhauled as a key part of the makeover that has followed the ouster last fall of former CEO Les Moonves. Board of Directors in ViacomCBS Inc. For its 2019 fiscal year, ViacomCBS Inc., listed the following board members on its annual proxy statement to the SEC. As part of the strategic agreement, ViacomCBS will migrate operations for its entire broadcast footprint, which spans 425 linear television channels and 40 global data and media centers, to the world’s leading cloud — one of the first such … Four former Viacom directors are on the panel: Judith McHale, Ronald Nelson, Charles E. Phillips, Jr. and Nicole Seligman. Director since 2019. Paula E. Boggs. Send us a tip using our annonymous form. 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