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Warner Bros to Cut David Zaslav’s Pay Package Following Shareholder Rebuke
- Warner Bros. Discovery plans to separate its operations next year into two independently traded entities, with David Zaslav leading the division focused on streaming and film production.
- The company revised Zaslav's compensation to address shareholder concerns over excessive pay and to align incentives with company performance.
- Zaslav's new pay package fixes his base salary at $3 million, lowers his annual cash bonus target from $22 million to $6 million, and sets equity awards at $15.5 million initially, then $7.5 million annually.
- Zaslav holds stock options totaling about 20.9 million shares valued at $225 million with 60% performance-based vesting, and the pay changes aim to foster stronger alignment with shareholders, according to the compensation committee.
- These compensation changes will take effect when the split completes, indicating a shift to long-term incentives designed to support success and shareholder value creation.
22 Articles
22 Articles
WBD Slashes Pay for David Zaslav After Shareholders Revolt, But is Stock Payout a Golden Parachute?
David Zaslav is about to take a huge pay cut ahead of the WBD split, much to the delight of shareholders. But is it actually a cut in the longrun? The post WBD Slashes Pay for David Zaslav After Shareholders Revolt, But is Stock Payout a Golden Parachute? appeared first on That Park Place.
Warner Bros. Discovery CEO handed major pay cut after $51.9 million 2024 salary
WARNER Bros. Discovery is splitting into two companies, and the higher-ups are seeing a major slash in pay because of it. Company executives David Zaslav and Gunnar Wiedenfels are having their compensation drastically reworked due to shareholder feedback. ReutersDavid Zaslav is taking a massive paycut during WBD’s split into two companies[/caption] GettyZaslav made over $50 million last year[/caption] WBD is set to “significantly reduce” annual …
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- 36% of the sources lean Left, 36% of the sources are Center
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