Photo Illustration by The Daily Beast / Getty
As a money-losing Warner Bros. Discovery continues to slash its workforce and cut employee benefits, President and CEO David Zaslav took home just under $50 million last year, according to a proxy statement the company filed with the Securities and Exchange Commission on Friday.
Warner Bros. Discovery lost $3.13 billion last year, according to the proxy statement; it lost a whopping $5.36 billion in 2022.
Still, Zaslav’s compensation package, which clocked in at triple the median pay of all S&P 500 CEOs, jumped 26.5 percent from 2022. It included a salary of $3 million; a cash bonus of $22 million; a stock award (tied to free cash flow, which doubled last year to $6.16 billion) of $23,078,769; and $1,623,777 under the heading “all other compensation”, for a total of $49,702,546.
Read more at The Daily Beast.
thedailybeast.com