Most Warner Bros Discovery shareholders, who voted on the organisation’s 2025 annual assembly, expressed disapproval of CEO David Zaslav’s and different prime executives’ compensation packages.
On the annual stockholders on June 2, the traders rejected a non-binding “advisory” measure concerning the 2024 compensation packages for Zaslav and different named govt officers, as per an SEC submitting.
Often known as a “say-on-pay” vote, it permits traders to voice their approval or disapproval of govt pay.
In line with Warner Bros. Discovery’s reported tallies, almost 724.5 million shares (roughly 40 per cent) voted in favour of the chief compensation package deal, 1.06 billion shares (almost 60 per cent) voted in opposition to, whereas 5.69 million shares abstained, and 307.38 million shares have been dealer non-votes.
Warner Bros. Discovery’s board launched a press release saying, “The Warner Bros. Discovery Board of Administrators appreciates the views of all its shareholders and takes the outcomes of the annual advisory vote on govt compensation severely. The Compensation Committee of the Board appears to be like ahead to persevering with its common observe of partaking in constructive dialogue with our shareholders,” in accordance with Selection.
Zaslav’s compensation package deal within the yr 2024 elevated by 4 per cent to $51.9 million 2024, in accordance with the organisation’s proxy assertion.
The breakdown of the pay package deal consists of: $3 million base wage, $23.1 million in inventory awards, $23.9 million in bonus compensation, and $1.9 million in different compensation.
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In 2023, Zaslav’s pay package deal was price $49.7 million, with a rise of 26.5 per cent from the earlier yr. It totalled $39.3 million within the yr 2022, after he obtained a whopping $246.6 million in 2021.
The 2024 pay packages of different prime executives of the corporate included:
– CFO Gunnar Wiedenfels, $17 million
– Chief income and technique officer Bruce Campbell, $19.8 million
– World streaming and video games CEO and president J.B. Perrette, $19.7 million
– Worldwide president Gerhard Zeiler, $14.8 million
(With inputs from Selection)
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