US EditionWarner Bros. Discovery Shareholders Reject CEO David Zaslav’s Pay Package
- At the company's annual meeting on Tuesday, shareholders of Warner Bros. Discovery rejected the proposed 2024 executive compensation packages, including CEO David Zaslav’s salary exceeding $50 million.
- This vote followed last year’s narrow approval of executive pay with 53% support amid ongoing concerns about company debt from the 2022 WarnerMedia and Discovery merger.
- The symbolic vote showed nearly 60% of shareholders opposed the payouts despite Zaslav receiving $51.9 million last year in equity awards and other compensation.
- In comparison, Netflix’s co-CEOs earned over $60 million each and Disney’s CEO Bob Iger was paid $41.1 million, while S&P 500 stocks gained over 23% last year as WBD’s shares declined 7%.
- The board acknowledged shareholder views and pledged to engage in ongoing dialogue, though pay experts criticized adjustments to metrics favoring higher CEO pay despite consecutive low shareholder support.
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WBD Shareholders Vote Against $52 Million Pay Package for David Zaslav Amid Mounting Debt and Junk Credit Rating
Warner Bros. Discovery (WBD) shareholders made their dissatisfaction clear this week, delivering a major rebuke to CEO David Zaslav and the company’s top brass by voting against their 2024 compensation packages. The post WBD Shareholders Vote Against $52 Million Pay Package for David Zaslav Amid Mounting Debt and Junk Credit Rating appeared first on That Park Place.
Warner Bros. Discovery CEO David Zaslav gets a thumbs down from shareholders
Warner Bros. Discovery CEO David Zaslav (left) recently had his pay package rejected by shareholders.Allen Berezovsky/Getty ImagesWarner Bros. Discovery shareholders don't think CEO David Zaslav has earned a raise.WBD's revenue has declined 10% in the last year, and its debt rating was recently downgraded.Wall Street is eager for a spinoff of WBD's declining TV networks.Does David Zaslav deserve a $51.9 million payday?With Warner Bros. Discovery…
Warner Bros Discovery Shareholders Reject CEO David Zaslav's $51.9 Million Pay Package Amid Stock Slump, Debt Downgrade - Netflix (NASDAQ:NFLX), Walt Disney (NYSE:DIS)
Warner Bros. Discovery Inc. shareholders delivered a stinging rebuke to CEO David Zaslav's leadership on Tuesday.
Warner Bros. Discovery Shareholders Reject CEO's Pay Package
(RTTNews) - Shareholders of Warner Bros. Discovery voted against the 2024 executive compensation packages, including Chief Executive officer David Zaslav's pay, in a non-binding "Say-on-Pay" vote. This vote allows shareholders to express approval or disapproval of executive pay.
WBD Shareholders Nix David Zaslav’s 2024 Pay Package In Non-Binding Vote
Shareholders at Warner Bros. Discovery gave a thumbs down to the company’s executive compensation for 2024 — multi-million dollar paydays led by CEO David Zaslav’s $51.9 million package. The vote, informally called say-on-pay, is required at publicly traded companies but nonetheless non-binding. Boards of directors insist that they take the votes to heart and if …
Warner Bros. Discovery shareholders reject CEO David Zaslav’s pay package
Warner Bros. Discovery shareholders voted on Tuesday to reject the pay packages for several of the company’s executives, including CEO David Zaslav’s compensation package of more than $50 million.
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