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Can replacing a CEO with three interim executives lead to a successful transformation at a time when leadership is key to the company’s future? The recent announcement that Paramount Global will be led by an 'Office of the CEO' composed of three executives who will all assume elements of the CEO position in the interim as part of a leadership committee could be concerning since Paramount is still navigating its upcoming merger. The decision can be perceived as complicating the leadership structure at a critical time. Effective leadership often requires clear, direct accountability, which is challenging to achieve with multiple heads. However, while Paramount continues to navigate its strategic initiatives, particularly the ongoing merger, the office of the CEO could successfully set the stage for a permanent CEO to take the lead. The new CEO office is working with Paramount's board "to develop a comprehensive, long-range plan to accelerate growth and develop popular content, materially streamline operations, strengthen the balance sheet, and continue to optimize the streaming strategy," the company said in a statement. #Paramount #interimleadership #merger Disclosure: This article is for informational purposes only and should not be construed as legal, regulatory, tax, accounting, or investment advice. It expresses the views of the author as of the date indicated and such views are subject to change without notice. Quaestor Consulting Group ("QCG") has no duty or obligation to update the information contained herein. Certain information contained herein is based on or derived from information provided by independent third-party sources. QCG believes that the sources from which such information has been obtained are reliable; however, it has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. QCG makes no representation, and it should not be assumed, that past investment performance is an indication of future results. Moreover, wherever there is the potential for profit there is also the possibility of loss.

Sony and Apollo Express Interest in Buying Paramount in $26 Billion Deal

Sony and Apollo Express Interest in Buying Paramount in $26 Billion Deal

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