Jeff Shell to Receive at Least $5 Million in Severance From Paramount

By Todd Spangler

Todd Spangler

NY Digital Editor

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Jeff Shell, who resigned Wednesday as president of Paramount Skydance amid a breach-of-contract lawsuit filed against him and the company by a professional gambler, is set to receive $5 million in severance payments plus several million dollars in stock.

On April 8, Paramount entered into a separation agreement with Shell, pursuant to which “Mr. Shell ceased to serve as an employee of PSKY and as a member of the Board of Directors of PSKY, effective as of April 8, 2026,” the company disclosed in an SEC filing Thursday.

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