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Warner Bros. Discovery RevealsDavid Zaslav's 2024 Pay Increase to $51.9 Million

The company disclosed executive compensation details and leadership changes as it faces investor pressure for governance reforms.

Overview

  • David Zaslav's 2024 compensation rose 4% to $51.9 million, driven by higher non-equity incentive pay and stock awards.
  • Regulatory filings detailed pay adjustments for other top executives, including slight declines for J-B Perrette and increases for Gunnar Wiedenfels and Bruce Campbell.
  • John Malone, a key figure in the WarnerMedia-Discovery merger, transitioned from board director to chair emeritus, maintaining an advisory role.
  • Activist investor Sessa Capital continues to push for governance and board restructuring, citing concerns over legacy cable network performance.
  • Warner Bros. Discovery prepares for its June 2 shareholder meeting, where executive compensation and governance issues are expected to draw attention.

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