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 on the 2023 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. Paramount frequently uses its reputation to speak on political matters, promoted LGBTQ content to kids, and partnered with the NAACP to promote activists. Paramount Global funded Amnesty International and has donated $5 million to social justice organizations. The company is a corporate partner of the National LGBT Chamber of Commerce (NGLCC). Paramount Global donated to the Equality PAC and has lobbied for ideological purposes. Paramount opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. 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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