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.
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