Warner Bros. Discovery Inc. CEO David Zaslav was awarded compensation of $49.7 million in 2023, a year when the media giant initiated steep job cuts.
Warner Bros. Discovery Inc. Chief Executive Officer David Zaslav was awarded compensation of $49.7 million in 2023, a year when actors and writers went on strike for higher pay and the media giant initiated steep job cuts. The figure, disclosed in a regulatory filing Friday, is about $10 million greater than Zaslav’s pay in 2022. His compensation, and that of other senior Warner Bros.
This year, following disappointing fourth-quarter results in which revenue and profits fell short of Wall Street forecasts, the stock hit an all-time low. All told, Zaslav’s 2023 pay came in far below the $246.6 million he received at Discovery Inc. in 2021, the year he embarked on a deal to acquire WarnerMedia from AT&T Inc. At the time, the compensation package, the vast majority of which was in stock options, drew criticism from proxy advisers.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warner Bros CEO pay rose nearly 27% in 2023Warner Bros CEO pay rose nearly 27% in 2023
Read more »
Puerto Rico’s Most Expensive Listing Is a $49 Million PenthouseNestled within Dorado Beach, A Ritz-Carlton Reserve, the two-level oceanfront property features a roof terrace sporting an infinity pool.
Read more »
BofA: DC's Untapped Potential for Warner Bros.BofA: DC's Untapped Potential for Warner Bros.
Read more »
Two Warner Bros. Discovery Executives Resign Amidst DOJ InvestigationSteven Miron and Steven Newhouse, executives at Warner Bros. Discovery, have resigned from the Board of Directors following an investigation by the Department of Justice for potential anti-trust violations.
Read more »
Beast Kingdom Debuts New Mini Egg Warner Bros. Horror Figures Be wary of Beast Kingdom's newest collection as they step into the realm of horror with a new set of Mini Egg Attack figures. An entire set of spooky thrills and creatures from the unknown has arrived and been brought to life from iconic horror movies from the Warner Bros. library.
Read more »
Warner Bros. Discovery Executives Resign from Board After DoJ Investigates Anti-Trust ViolationsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »