Warner Bros. Discovery Updates David Zaslav’s Employment Agreement Amid Strategic Review

Warner Bros. Discovery modifies David Zaslav's employment contract

As the auction for Warner Bros. Discovery heats up, the company's board modified Zaslav's contract to consider various deal configurations

Warner Bros. Discovery Updates David Zaslav’s Employment Agreement Amid Strategic Review

Warner Bros. Discovery has clarified and amended elements of CEO David Zaslav’s employment agreement as it seems a planned separation of the company may becomes something else, like a spinoff or sale, amid a strategic review process not initially envisioned. “While we are continuing to advance our plans to separate our Streaming & Studios business (Warner Bros.) from our Global Networks business (Discovery Global), our Board of Directors has i…

Warner Bros. Discovery Reworks David Zaslav’s Compensation Package Amid Sales Chatter

The CEO's deal has been altered to account for a range of outcomes, including a reverse spin-off and a sale. If there's a separation, a "significantly greater portion" of his annual pay will include long-term incentives.

Amid Sales Review, Warner Bros. Discovery Clarifies That CEO David Zaslav’s Employment Agreement Will Let Him Retain Stock Options in the Event of a ‘Change in Control’

Warner Bros. Discovery is reassuring president and CEO David Zaslav that he will still be able to keep his stock options even if the company is sold.