- Warner Bros. Discover CEO David Zaslav’s salary package will be affected by the upcoming company Split. While his income will decrease, his choice can make him $150 million if the company reaches its target. Zaslav made $51.9 million last year.
Warner Bros.’s looming division. Discover The salary of CEO David Zaslav will be affected in negative and potentially positive ways.
Charged $51.9 million in salary package last year, making him one of the country’s highest-paid CEOs, Zaslav faces cuts in the coming year Report Wall Street Journal. He will maintain his $3 million annual salary, but his target bonus will drop from $22 million last year to $6 million forward (stakes of $12 million). Additionally, he will receive a $15.5 million equity target next year and then $7.5 million in the next few years.
However, in addition to that, Zaslav had 21 million shares last week. He will also receive at least 3 million shares in January. Over five years, he will receive 40% of the vesting, and an additional vesting benchmark will occur if the company’s stock price increases by 20% to 65% over that time.
If all targets are hit, these options could make him $150 million.
The new compensation package will only start when the split occurs before the end of next year.
Zaslav’s salary has always been controversial. Earlier this month, Warner Bros. found shareholders Voting determines his compensation planand “paid” votes from other senior executives. However, the vote was symbolic and non-binding, with the board giving Zaslav $51.9 million.
Media and entertainment giants Announce On June 9, it will be divided into two publicly traded companies through tax-free transactions. Zaslav will lead streaming and studio companies, which will oversee movie attributes and HBO The largest streaming service. Gunnar WiedenfelsHaving served as Chief Financial Officer since 2022, he will become CEO of the global network, which will include cable channel businesses CNN, TNT, TBS, Discovery and more.
Zaslav has been CEO of WBD since 2022. He earns higher wages than Disney’s Bob Iger ($41.4 million), Comcast’s Brian Roberts ($33.9 million) and Siriusxm’s Jennifer Witz ($32.1 million).
