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Stock impact report

David Zaslav Merger Payout Approved By Just 17% Of WBD Shareholders; 82% Opposed [Yahoo! Finance]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Earlier in the day, the company convened a special shareholder meeting. Executives during the brief session noted that Zaslav's pay package, which could wind up being as much as $886 million based on certain variables, had been voted down . The exact vote tally was subsequently released in an SEC filing. More from Deadline ¡Ay, Caramba!: 'Simpsons' Sequel, Laverne Cox & Will Ferrell Flicks Among Latest Big Screen CA Tax Credits Recipients Could A Cable Merger Tempt Comcast? For Now, It's More Focused On Reversing "Negativity" About The Sector, Execs Say WBD Shareholders Nix David Zaslav's Massive Golden Parachute In Paramount Merger: Too Bad Vote Is Non-Binding The shareholder vote is non-binding, however, which means that the exec can still collect. Just 17% of the 1,761,474,302 shares represented in the meeting vote, representing about 70% of the total number of outstanding WBD shares, approved the compensation. About 0.5% abstained. The company's merger with Paramoun Show less Read more
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