David Zaslav's $887 Million Golden Parachute Rejected as ‘Problematic' in Shareholder Advisory Firm's Paramount-WB Assessment [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
Proxy advisory firm ISS is recommending that shareholders vote in favor of Paramount's merger with Warner Bros. Discovery, but is rejecting David Zaslav's “extraordinary” and “problematic” $887 million golden parachute compensation package in connection with the transaction. The firm notes that the $110 billion deal is the result of a “competitive sales process and public bidding war between NFLX and PSKY, which provides shareholders comfort that the proposed deal is the best available.” It also said that shareholders are receiving a “meaningful premium to the unaffected share price” and that there's a “potential downside risk of non-approval.” However, it argues that the Warner Bros. Discovery CEO's payout “represents one of the highest golden parachute estimates ever observed” due to the “problematic excise tax gross-up and single-trigger vesting acceleration of unvested equity awards, including grants recently made in January 2026.” “Excise tax gross-ups represent an extraor
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News
- John Oliver jokes about future of 'Last Week Tonight' at charity event [USA TODAY]USA TODAY
- Hollywood creatives oppose Paramount's merger with Warner Bros. Discovery [CBS News]CBS News
- Jane Fonda, Mark Ruffalo, more oppose Paramount merger in open letter [USA TODAY]USA TODAY
- Hollywood stars sign open letter protesting the Paramount-Warner Bros. merger [MSNBC.com]MSNBC.com
- The M&A Class Action Firm Encourages $hareholders to Act Before the Vote—WBD, CTRA, FONR, and SNCYGlobeNewswire
WBD
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- 2/26/26 - Miss
WBD
Sec Filings
- 3/30/26 - Form 4
- 3/30/26 - Form 4
- 3/30/26 - Form DFAN14A
- WBD's page on the SEC website