Warner Bros. Discovery CEO David Zaslav's Pay Hits $50M Amid Company Struggles
Despite significant financial challenges and public backlash, David Zaslav's compensation increased by 27%, sparking controversy.
- David Zaslav received a 27% salary increase in 2023, earning $49.7 million as Warner Bros. Discovery faced layoffs and a declining stock price.
- The CEO's compensation package included significant stock awards and bonuses, despite the company's overall financial downturn.
- Public and industry backlash has intensified, with criticisms highlighting the disparity between executive pay and company performance.
- Warner Bros. Discovery has implemented extensive cost-cutting measures, including layoffs and project cancellations, under Zaslav's leadership.
- The company's stock has significantly underperformed, adding to the scrutiny of executive compensation practices amid broader industry challenges.