Paramount

CBS, CMT, Paramount Pictures
New York, California
Media and Entertainment

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Paramount scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Paramount increases the risk of dividing employees, alienating customers and harming shareholders. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Paramount forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. As ViacomCBS, Paramount Global denounced state election integrity efforts to reform their own election processes after the pandemic. CBS announced a new reality tv show called "The Activist," where activists will "compete in missions, media stunts, digital campaigns and community events". Another affiliate, Nickelodeon, has added pro-LGBTQ messaging to many of its kids' shows. ViacomCBS noted that they would "monitor" a 2019 fetal heartbeat law in Georgia and considered moving production from the state. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Paramount Global’s former CEO, Robert Bakish, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. In 2020, ViacomCBS donated $5 million to several different social justice organizations, including Amnesty International and National Bail Out. Paramount and ViacomCBS are corporate partners of the National LGBT Chamber of Commerce. Paramount donated to the Equality PAC and lobbied for the "George Floyd Justice in Policing Act of 2020". For these reasons, Paramount receives a High Risk rating.

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Board Bias

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CEO of Paramount

Robert M. Bakish

Robert M. Bakish

Summary:

Headquartered in New York, California, Paramount is a member of the Fortune 250 operating in the Media and Entertainment industry. Robert M. Bakish and Shari Redstone serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $90,850 to Republican causes and $3,042,155 to Democratic causes. Under their tenure, Paramount currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$90,850

$3,042,155

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/8/23GovernanceNot DisclosedBoard Chair Is an Independent DirectorAgainst2.90%
5/8/23SocialN/A - UndisclosedReport on Political SpendingAgainst0.00%
6/8/22GovernanceN/A - UndisclosedSpecial Meetings - Reduce Ownership Req. to 25%Against5.04%
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