- Warner Bros. Discovery CEO David Zaslav’s salary package will be affected by the upcoming company Split. Although he is less earned, he has received options with which he could immerse yourself $ 150 million if the company hits goals. Zaslav earns 51.9 million US dollars last year.
The impending division of Warner Bros. discovery will affect negative and potentially positive ways, David Zaslav’s salary check.
After Zaslav collected a salary package of $ 51.9 million last year last year, he is one of the best paid CEOs in the country. It will be confronted with cuts in the coming year. Report The Wall Street Journal. As part of a new contract that is offered by the board, it will be retained his salary of US dollars per year, but his target bonus would fall from $ 22 million to 6 million US dollars in the previous year (with an upper limit of $ 12 million). In addition, he would receive a target of $ 15.5 million in equity and then $ 7.5 million in the following years.
In addition, Zaslav received options for 21 million shares last week. It will also receive at least 3 million shares in January. It is classified 40% in over five years, with additional Techs benchmarks take place if the company’s share price is increased by 20% to 65% during this time.
If all goals are made, these options could immerse him $ 150 million.
The new Pay package will only occur if the separation takes place by the end of next year.
The content of Zaslav was historically controversial. At the beginning of this month, shareholders of Warner Bros. Discovery voted off his remuneration packageas well as the other top executives in a “Say on Pay” voice. However, this vote was symbolic and non -binding, and the board gave Zaslav its 51.9 million US dollars.
The media and entertainment giant announced On June 9 that it will be divided into two listed companies through a tax -free transaction. Zaslav will lead the streaming and studios companies that are supervised and supervised HBO Max streaming service. Gunnar Wiedenfelswhich has been CFO since 2022, CEO will include Global Networks, which includes CAB -Channel companies CNN, TNT, TBS, Discovery and more.
Zaslav has been WBD CEO since 2022.
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