Overview

• David Zaslav's total compensation for 2024 increased by 4% to $51.9 million, up from $49.7 million in 2023, according to Warner Bros. Discovery's annual proxy statement.
• The pay package includes a $3 million base salary, $23.9 million in non-equity incentive plan compensation, $23.1 million in stock awards, and $1.9 million in other compensation.
• Zaslav's bonuses were tied to strategic performance metrics, with payouts exceeding targets, reflecting his role in navigating the company through industry challenges.
• John Malone, a key figure in Warner Bros. Discovery's 2022 merger, will transition to chair emeritus, stepping down as a voting board member while remaining actively involved in strategic counsel.
• The announcement comes as Warner Bros. Discovery faces financial pressures, stock underperformance, and structural changes, including a shift in focus for its cable and streaming divisions.