Blockbuster: Tom Cruise in Top Gun: MaverickThe media titan behind The Godfather, Titanic and Top Gun is drawing up plans for its future after ousting long-time boss Bob Bakish. After a dramatic boardroom battle, Paramount said Bakish, 60, who had worked at the company and its predecessor Viacom for a quarter of a century, would be replaced by a so-called ‘office of the CEO’. The shake-up comes amid reports of ongoing tensions between Bakish and chairman Shari Redstone. Bank of America analyst Jessica Reif Ehrlich raised concerns about the lack of definitive leadership. ‘As a result, we believe shares will remain volatile,’ she said.

Source: Daily Mail May 01, 2024 11:29 UTC