Jeff Shell to Receive at Least $5 Million in Severance From Paramount

Jeff Shell, who resigned as president of Paramount Skydance amid a breach-of-contract lawsuit, will receive at least $5 million in severance. The payout includes his annual base salary of $3.5 million and a target bonus of $1.5 million, with additional stock benefits tied to a separation agreement. Shell’s payments are contingent upon his compliance with the agreement.

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Summary by Glance · Original reporting by Variety