CEO David Zaslav got a stunning 27% raise last year as Warner Bros. floundered. But he’s hardly the only Hollywood honcho who was showered in cash amid an industry crisis.
Warner Bros. Discovery lost $3.13 billion last year, according to the proxy statement; it lost a whopping $5.36 billion in 2022., jumped 26.5 percent from 2022. It included a salary of $3 million; a cash bonus of $22 million; a stock award of $23,078,769; and $1,623,777 under the heading “all other compensation”, for a total of $49,702,546.
And even though Warner Bros. Discovery’s stock price is now hovering around $8, down from a 52-week high of $14.76 and, the “sizeable grant of premium priced stock options” given Zaslav when he was named CEO in 2021 means that he “is adequately incentivized to take actions that will lead to stock price appreciation,” the proxy statement says.
If Zaslav quits—euphemistically referred to in Friday’s filing as “voluntary termination”—he gets a payout of $22 million. If he gets fired, or, “involuntary termination without cause,” he gets $88.3 million, but if he quits “following a change in control,” he gets more than $182 million. The eye-popping salaries—despite industry chaos that included an actors’ and writers’ strike over wages and working conditions which shut down development and production for 148 days—are not out of line with what other Tinseltown bigwigs make, though unlike Zaslav—who apparently lost the 2023 compensation wars by just $100,000 to Netflix co-CEO Ted Sarandos—not everyone enjoyed raises this go-round.Netflix co-CEO Ted Sarandos took a slight pay cut in 2023, earning $49.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Warner Bros. Discovery CEO David Zaslav Gets Huge Pay Raise Following Mass LayoffsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Lire la suite »
There’s Little Daylight Between Larry David and “Larry David”A pre-‘Curb Your Enthusiasm’ finale event was chock-full of classic Davidisms: 'The next day 'thank you' text, what is that? How many fucking thank-yous do you have to give in this world?'
Lire la suite »
‘Curb Your Enthusiasm’ Was Larry David’s Tribute to a Great American Hero: ‘Larry David’Yes, it restaged the 'Seinfeld' finale — but the HBO show's swan song remained Larry David's tribute to a Great American Hero: 'Larry David.'
Lire la suite »
Warner Bros. Discovery CEO David Zaslav Gets a Big Pay Bump Despite Being Bad at His JobDespite leading a company that is reportedly shrinking, the top entertainment executive raked in $50 million in 2023.
Lire la suite »
Warner Bros. CEO earned $49.7 million in strike-impacted yearWarner 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.
Lire la suite »
Selena Gomez and David Henrie to Return in 'Wizard of Waverly Place' RebootThe popular series 'Wizard of Waverly Place' is officially coming back with some of the original show's biggest stars. Selena Gomez and David Henrie will be returning to their original roles in the new series called 'Wizards'. Gomez will be making guest appearances while Henrie will have a regular role. The announcement was made on Instagram by Disney and Henrie.
Lire la suite »