Warner Bros. Discovery CEO David Zaslav’s 2022 Pay Package Hits $39.3M
www.imdb.com- Author: Georg Szalai and Alex Weprin
- March 29,2023
The value of Warner Bros. Discovery CEO David Zaslav’s compensation package for 2022, which saw the Discovery-WarnerMedia merger close in April, hit $39.3 million, the company disclosed in a regulatory filing.
In 2021, the then-Discovery CEO had received a pay package worth $246.0 million, an enormous jump compared with $37.7 million in 2020 and $45.8 million in 2019 that was driven by a May 2021 employment agreement that is set to keep Zaslav at the company through the end of 2027. (Stock options that he received related to the extension boosted the calculated value of his 2021 compensation package, even though they didn’t lead to any immediate payouts, with much of the compensation set to vest over the course of his employment contract period.)
Warner Bros. Discovery’s stock fell more than 60 percent in 2022 following the mega-deal that created it, while its financials dropped. Annual revenue adjusted for the merger fell 5 percent in 2022 to $43.1 billion, while adjusted earnings before interest,
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In 2021, the then-Discovery CEO had received a pay package worth $246.0 million, an enormous jump compared with $37.7 million in 2020 and $45.8 million in 2019 that was driven by a May 2021 employment agreement that is set to keep Zaslav at the company through the end of 2027. (Stock options that he received related to the extension boosted the calculated value of his 2021 compensation package, even though they didn’t lead to any immediate payouts, with much of the compensation set to vest over the course of his employment contract period.)
Warner Bros. Discovery’s stock fell more than 60 percent in 2022 following the mega-deal that created it, while its financials dropped. Annual revenue adjusted for the merger fell 5 percent in 2022 to $43.1 billion, while adjusted earnings before interest,
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