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Stock impact report

David Zaslav and the Tinseltown Tycoons That Just Keep Getting Richer [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
under $50 million last year, according to a proxy statement the company filed with the Securities and Exchange Commission on Friday Warner Bros. Discovery lost $3.13 billion last year, according to the proxy statement; it lost a whopping $5.36 billion in 2022. Still, Zaslav's compensation package, which clocked in at triple the median pay of all S&P 500 CEOs , jumped 26.5 percent from 2022. It included a salary of $3 million; a cash bonus of $22 million; a stock award (tied to free cash flow, which doubled last year to $6.16 billion) 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 a price of $24 in the days after the newly merged company began trading in April 2022 , the “sizeable grant of premium priced stock options” given Zaslav when he was named CEO in 2021 means that he “is adequately incentivized to ta Show less Read more
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