Israeli-American media executive Ynon Kreiz is set for a major payday as he takes over as co-CEO of Paramount ahead of its $110 billion merger with Warner Bros. Discovery.
According to an SEC filing, the former Mattel CEO will receive a $31.5 million signing bonus in restricted stock units. After the merger closes, his base salary will rise to $5 million, with a targeted annual bonus of $4.9 million. Beginning in October 2027, he will also be eligible for annual equity awards worth $20.1 million, bringing his targeted annual compensation to at least $35.1 million.
Kreiz, 61, previously led Mattel, Endemol, Maker Studios and Fox Kids Europe before joining David Ellison at the helm of the combined media giant.
iltv_israel
#jewishpeople#businessmen