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Warner Bros. Discovery CEO David Zaslav just got a whole lot richer, receiving a nearly 27 percent pay raise last year while overseeing mass layoffs at the media conglomerate.
For 2023, Zaslav’s compensation totaled $49.7 million, up 26.5 percent from the previous year when he received $39.3 million, according to the company’s 2024 Among the media properties hit with headcount reductions under his leadership are CNN, HBO, and Turner Classic Movies. Zaslav took home a base salary of $3 million for 2023, with stock awards of $23.1 million and a whopping cash bonus of $22 million. His compensation also included $705,182 for personal security services and $767,908 for his personal use of the company’s private jet.stretching from late 2022 into 2024. Companies often portion out layoffs over many months to avoid federal disclosure requirements. Many of the layoffs stem from the merger of AT&T’s Warner Media with Discovery.
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