Bob Bakish, CEO of Paramount Global, has resigned today amid swirling reports of leadership restructuring and potential mergers, particularly with Skydance. Following his resignation, a trio of senior executives is set to take over, aiming to stabilize the company during these turbulent times. Bakish's departure is linked to disputes over handling company affairs, notably his efforts to fight for all shareholders rather than specific deals that could disadvantage the majority. He leaves with a severance package valued at $50.6 million. This leadership change comes as the company faces significant challenges, including a volatile stock market reaction and ongoing merger discussions.