Shareholders at Discovery Warner Bros. gave a boost to the remuneration of company managers for 2024 – on pay days of several million dollars led by CEO David Zaslav CEO $ 51.9 million.
The vote, called informally, is required in listed companies, but nevertheless non -binding. The boards of directors insist that they take votes to heart and if there is a dissent, engage seriously with their greatest shareholders, and this is sometimes the case. In Warner Bros. Discovery, however, Zaslav’s salary has been under the spotlight for years, including on picking lines during recent Hollywood strikes.
The shareholders of the annual meeting of the company refused to approve “on a non -binding advisory basis, the remuneration in 2024 of the company’s executive officers of the company”, noted WBD in a file of the SEC to the result of the votes expressed showing that 59% of the shareholders who voted against the WBD remuneration plans. The general rule is that support of less than 70% is notable.
Waner Bros.’s actions. Discovery have woven since the merger three years ago, which overwhelmed the debt company. S&P credit rating agency last month Dotgrada The undesirable status Quoting “low credit metrics”. It’s not just that. Payment experts have noted that The members of the Council’s remuneration committee decided to adjust the measures they themselves set In order to pay more the director general.
Public companies report the salary of their five best members of the senior management paid in the annual proxy declarations filed with the SEC each spring for the previous year (if they operate over a calendar year). Compensation is one of the elements of the elements as well as the election of administrators and resolutions of shareholders on which shareholders vote during annual meetings. The main services of the institutional shareholders of proxy consulting services, which publish very relaunched reports each year before annual meetings to guide shareholders, recommended voting against the remuneration of WBD managers and declared that “the remuneration committee has only demonstrated a limited reactivity to the concerns of shareholders after consecutive years of low support”.
In a statement today, the board of directors of Warner Bros. Discovery said that he “appreciates the opinions of all its shareholders and takes seriously the results of the annual advisory vote on the remuneration of managers.
