Paramount Global’s board is considering replacing CEO Bob Bakish and installing a committee of top executives to run the entertainment giant on an interim basis as the company explores a sale, people familiar with the situation told The Wall Street Journal’s Jessica Toonkel. Under the plan being discussed, the board of Paramount and controlling shareholder National Amusements would put in place an “Office of the CEO,” made up of the company’s division heads, some of the sources said, though the report notes that no decision has been made and it is possible the board could keep Bakish in place.
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