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Warner Bros shareholders approve Paramount's $111bn takeover-The approval came as Donald Trump is to attend a dinner with billionaires, Paramount CEO & Chairman David Ellison and his father Larry (www.bbc.com)

submitted 5 months ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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Ellison, chief executive and chairman of Paramount and a major Republican donor, is hosting a dinner with Trump on Thursday at the U.S. Institute of Peace in Washington DC.

The deal still needs approval from the US Department of Justice and European competition regulators.

The shareholders' backing of the deal follows a dramatic months-long saga, following an earlier takeover bid for Warner Bros by Netflix, which the streaming service later withdrew after Paramount submitted a rival, higher offer.

https://en.wikipedia.org/wiki/David_Ellison

https://en.wikipedia.org/wiki/Larry_Ellison

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[–] sawdustprophet@midwest.social 4 points 5 months ago

No golden parachute for you!

From the article you linked:

Shareholders appeared to reject the rich pay package in a significant rebuke, though as an advisory vote it is non-binding, meaning that the company does not have to make any adjustments if it does not want to.

A caveat follows:

Companies will, however, often voluntarily adjust pay packages after shareholders reject them.

I'm not holding my breath either way.