Adobe’s succession vote, plus Paramount’s whistleblower, BP’s new CEO, AI’s proxy tilt

Adobe’s succession vote, plus Paramount’s whistleblower, BP’s new CEO, AI’s proxy tilt

From PROXY COUNTDOWN by Free Float Media, Inc.

April 9, 2026 · 51 min

About this episode

The episode discusses Adobe's succession vote, allegations against Paramount's Jeff Shell, BP's new CEO, and the influence of AI on proxy voting.

Trade Wire - BUY/SELL TOP STORIES proxy countdown_trade wire_2025 - Google Sheets : 44 Filings since March 31 THE HEADLINES Jeff Shell, president and board director at Paramount Skydance, is stepping down after allegations of SEC violations Shell came under scrutiny after gambler and whistleblower R.J. Cipriani filed a $150M lawsuit alleging Shell shared confidential information in violation of SEC rules. Shell previously left his role as NBCUniversal CEO in 2023 after he admitted to having an “inappropriate relationship” with an employee. The company said it did not find an SEC violation. Paramount added in a statement that the claims were “baseless” and said Shell is taking “forceful legal action.” His future at Paramount has been in question since the company beat Netflix  in a bidding war in February to acquire Warner Bros. Discovery The acquisition of WBD will bring in many new executives, and Shell, who was not involved in deal talks, didn’t have a defined role at a combined company, CNBC reported last month. Yesterday, a Separation Agreement was announced: Shell will be getting approximately $16M: $5M Cash Severance ($3.5M salary + $1.5M bonus) $11M Equity…

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Organizations: Paramount Skydance, NBCUniversal, Warner Bros. Discovery, CNBC, SEC, Google Sheets, BP

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