David Zaslav Receives $50 Million for Leading Struggling Warner Bros. Discovery [The New York Times]
Warner Bros. Discovery, Inc. - Series A (WBD)
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Source: The New York Times
David ZaslavIt is common for chief executives in media to receive lavish pay packages. Mr. Zaslav’s compensation for 2023 is notable, however, because Warner Bros. Discovery isnot exactly a portrait of healthIn addition, Warner Bros. Discovery shareholderssent a clear messageIn a nonbinding “say on pay” vote, only50.8 percentFor 2023, the Warner Bros. Discovery board adjusted compensation formulas for its top executives. The adjustmentinvolved certain bonusesgeneration of free cash flowIn terms of free cash flow, Warner Bros. Discovery had a spectacular 2023. Free cash flow totaled $6.2 billion, an 86 percent increase from the year before, vastly more than Wall Street had expected. That was partly a result of improved financials at the company’s streaming division, which became profitable.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit andlog
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